Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · s 23

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23.
Duties of Head of Internal Audit
The duties of the Head of Internal Audit shall include -
5015
{a}
the review and recommendation to the Authority and the Audit
Committee of procedures and practices for proper risk and management and thereafter and the supervision of their implementation on a continuing basis;
(b)
the performance of periodic audits of the administration and operations of the Authority to ensure proper observance of laws applicable to the Authority and of decisions of the Authority;
(c)
the review of the periodic financial statements referred to in section 62 and related documents of the Authority;
(d) the preparation and delivery to the Authority, whenever considered appropriate by the managing director, the Authority or the Audit Committee and at least once every quarter, of reports and recommendations regarding the financial statements and records, the budgetary and accounting procedures, the risk management and other controls within the Authority, the efficiency and its cost effectiveness at which the Authority operates, and any other matter within its competence and area of responsibility on which a report may be requested by the managing director, the Authority or the Audit
Committee;
(e) any other assignments that may be given by the Authority or the
Audit Committee, provided that any such assignment does not disrupt its duties; and
(f)
liaising with the external auditors of the Authority.

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s 23Duties of Head of Internal Audit

The duties of the Head of Internal Audit shall include -

5015

{a}

the review and recommendation to the Authority and the Audit

Committee of procedures and practices for proper risk and management and thereafter and the supervision of their implementation on a continuing basis;

(b)

the performance of periodic audits of the administration and operations of the Authority to ensure proper observance of laws applicable to the Authority and of decisions of the Authority;

(c)

the review of the periodic financial statements referred to in section 62 and related documents of the Authority;

(d)

the preparation and delivery to the Authority, whenever considered appropriate by the managing director, the Authority or the Audit Committee and at least once every quarter, of reports and recommendations regarding the financial statements and records, the budgetary and accounting procedures, the risk management and other controls within the Authority, the efficiency and its cost effectiveness at which the Authority operates, and any other matter within its competence and area of responsibility on which a report may be requested by the managing director, the Authority or the Audit

Committee;

(e)

any other assignments that may be given by the Authority or the

Audit Committee, provided that any such assignment does not disrupt its duties; and

(f)

liaising with the external auditors of the Authority.