Regulatory Alerts2011-10-12 | CD-SIBOIF-697-1-OCTU12-2011Added · Updated
Norm on Internal Control and Internal Audit of General Warehouses
The Superintendence of Banks and Other Financial Institutions establishes regulations for the internal control systems and internal audit units of general warehouses. The rule mandates that warehouses maintain an internal audit unit under the Board of Directors, defining specific responsibilities for the Board, the Audit Committee, and the Internal Auditor. It sets requirements for the auditor's appointment, removal, and qualifications, and dictates the content and approval process for the annual work plan.
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