It is the policy of BSP (BSP) to maintain and fully support the Board Audit & Compliance Committee (BACC) as an independent appraisal function to:
- Review and monitor all of the audit activities in all of the operational areas of the BSP;
- Review whether such activities/ operations are in compliance with overall BSP policies, procedures and properly approved plans and objectives plus monitor the effectiveness of internal controls and effectiveness of risk controls that are in place; and
- Review BSP’s compliance with key prudential, statutory, monetary authority, and other regulatory body requirements.
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