External Audit Arrangements at Central Banks

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Publisher : International Monetary Fund
ISBN 13 : 1484376455
Total Pages : 42 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis External Audit Arrangements at Central Banks by : Mr.Atilla Arda

Download or read book External Audit Arrangements at Central Banks written by Mr.Atilla Arda and published by International Monetary Fund. This book was released on 2018-09-11 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support audit quality and independence. The paper outlines good practices in these areas and provides a summary of actual practices observed based on a review of audited financial statements and central bank legislation. While the audit frameworks for central banks differ depending on their legal and institutional circumstances, central banks’ external audits increasingly follow international standards. Most of them are audited by auditors with international affiliations and embrace modern governance structures that provide for audit oversight. However, the paper also notes that a sizeable number of central banks do not publish the audit results in a timely manner, which leaves room for improvement in transparency practices.

Safeguards Assessments - Review of Experience

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Publisher : International Monetary Fund
ISBN 13 : 1498337198
Total Pages : 52 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments - Review of Experience by : International Monetary Fund. Finance Dept.

Download or read book Safeguards Assessments - Review of Experience written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-11-08 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.

Effectiveness of Internal Audit and Oversight at Central Banks: Safeguards Findings - Trends and Observations

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Publisher : International Monetary Fund
ISBN 13 : 1484357965
Total Pages : 22 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Effectiveness of Internal Audit and Oversight at Central Banks: Safeguards Findings - Trends and Observations by : Elie Chamoun

Download or read book Effectiveness of Internal Audit and Oversight at Central Banks: Safeguards Findings - Trends and Observations written by Elie Chamoun and published by International Monetary Fund. This book was released on 2018-05-31 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case, based on analysis of safeguards findings in these areas during the period April 2010 to December 2017 (covering 111 assessments at 64 central banks). Based on this analysis, it presents the key attributes that determine the effectiveness of internal audit and the AC. It also argues that, an effective internal audit function, coupled with strong oversight by a high-performing AC are key enablers of good governance.

The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues

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Publisher : International Monetary Fund
ISBN 13 : 1513524054
Total Pages : 71 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues by : Wouter Bossu

Download or read book The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues written by Wouter Bossu and published by International Monetary Fund. This book was released on 2019-12-27 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper focuses on the Board oversight of central banks—a central feature of sound governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank—the Oversight Board—ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight into the broader legal structure for central bank governance by considering this form of oversight as one of the core decision-making responsibilities of central banks. Secondly, the paper will focus on a number of important legal design issues for Board Oversight, by contrasting the current practices of the IMF membership’s 174 central banks with staff’s advisory practice developed over the past 50 years.

Issues in the Governance of Central Banks

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Publisher :
ISBN 13 : 9789291317912
Total Pages : 189 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Issues in the Governance of Central Banks by :

Download or read book Issues in the Governance of Central Banks written by and published by . This book was released on 2009 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s. The need to deal with chronic inflation in the 1970s and 1980s prompted the identification of price stability as a formal central bank objective and led to a significant reworking of governance arrangements. The current global financial crisis could have equally important implications for central banks, particularly with respect to their role in fostering financial stability. Although it is too early to know how central banking will change as a result, the report takes an important first step in identifying governance questions that the crisis poses.

The Safeguards Policy - Independent Panel's Advisory Report

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Publisher : International Monetary Fund
ISBN 13 : 1498337163
Total Pages : 40 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Safeguards Policy - Independent Panel's Advisory Report by : International Monetary Fund. Legal Dept.

Download or read book The Safeguards Policy - Independent Panel's Advisory Report written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2010-11-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the Kuwait Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.

Central Bank Finances

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Publisher :
ISBN 13 : 9789291979318
Total Pages : 90 pages
Book Rating : 4.9/5 (793 download)

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Book Synopsis Central Bank Finances by : David Archer

Download or read book Central Bank Finances written by David Archer and published by . This book was released on 2013 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gaps, Overlaps and Challenges

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis Gaps, Overlaps and Challenges by :

Download or read book Gaps, Overlaps and Challenges written by and published by . This book was released on 2014 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Accountability and audit arrangements for European Union (EU) policies, instruments, entities and related public financial resources and related challenges are considered in this review. For this purpose, accountability refers mainly to democratic (especially parliamentary) oversight of policies and activities of public bodies, whereas public audit refers to the financial and performance audits of policies and related public funds and their link to the accountability process."-- Page 1.

Update The Monetary And Financial Policies Transparency Code

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Publisher : International Monetary Fund
ISBN 13 : 1498314503
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Update The Monetary And Financial Policies Transparency Code by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Update The Monetary And Financial Policies Transparency Code written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-05-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper responds to a request made by the Executive Board at the time of the 2017 Review of the Standards and Codes Initiative (RSCI) for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked staff that the new code remove the overlap on financial policies covered by other standards, expand the transparency standards to broader set of activities undertaken by many central banks since the Global Financial Crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.

Safeguards Assessments - 2007 Update

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Publisher : International Monetary Fund
ISBN 13 : 149833329X
Total Pages : 18 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments - 2007 Update by : International Monetary Fund. Finance Dept.

Download or read book Safeguards Assessments - 2007 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2007-11-10 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.

Safeguards Assessments - 2014 Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342787
Total Pages : 16 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments - 2014 Update by : International Monetary Fund

Download or read book Safeguards Assessments - 2014 Update written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-09 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards policy aims to mitigate the potential risks of misuse of resources, including Fund resources, and misreporting of program monetary data. The policy, introduced in 2000, is an integral part of the Fund’s financing policies and complements other safeguards, such as program design, conditionality, and access limits. Safeguards assessments of central banks of the borrowing member are required for almost all forms of Fund financing, and are followed by a period of monitoring for as long as Fund credit is outstanding.

Safeguards Assessments—2009 Update

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Publisher : International Monetary Fund
ISBN 13 : 1498335055
Total Pages : 22 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments—2009 Update by : International Monetary Fund. Finance Dept.

Download or read book Safeguards Assessments—2009 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2009-12-15 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2008 through June 30, 2009. In common with previous updates, it covers the various types of safeguards activities undertaken during the year, highlighting the increased activity associated with the “twin crises” of food and fuel price shocks and the global financial crisis during 2008/09. It also briefly discusses developments in the latter part of that year, including the separate safeguards procedures introduced for members accessing the Flexible Credit Line (FCL).

Audits of Banks

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Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Audits of Banks by : American Institute of Certified Public Accountants. Banking Committee

Download or read book Audits of Banks written by American Institute of Certified Public Accountants. Banking Committee and published by . This book was released on 1984 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Safeguards Assessments - 2012 Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339913
Total Pages : 16 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments - 2012 Update by : International Monetary Fund. Finance Dept.

Download or read book Safeguards Assessments - 2012 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-08-31 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards policy was introduced in 2000 to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund’s approach to prudent lending and complements other safeguards such as program design, conditionality, and access limits, to name a few. Some 242 assessments of 92 central banks have been completed since 2000. Assessments are followed by a period of monitoring for as long as Fund credit is outstanding.

Guidelines for Foreign Exchange Reserve Management

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Publisher : International Monetary Fund
ISBN 13 : 9781589062603
Total Pages : 34 pages
Book Rating : 4.0/5 (626 download)

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Book Synopsis Guidelines for Foreign Exchange Reserve Management by : International Monetary Fund

Download or read book Guidelines for Foreign Exchange Reserve Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-08-16 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.

Safeguards Assessments - 2022 Review of Experience

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Safeguards Assessments - 2022 Review of Experience by : International Monetary Fund. Finance Dept.

Download or read book Safeguards Assessments - 2022 Review of Experience written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2022-12-16 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews experience with the safeguards assessment policy since the last review in 2015. The policy is subject to periodic reviews by the Executive Board. The policy’s main objective is to mitigate risks of misuse of Fund resources and misreporting of monetary data under Fund arrangements. Consistent with past reviews, an external panel of experts provided an independent perspective on the implementation of the policy.

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498302858
Total Pages : 1088 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue by : International Monetary Fund. Legal Dept.

Download or read book Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2014-12-23 with total page 1088 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes documents relating to the IMF, the United Nations, and other international organizations.