Research into the implementation of the key function of internal audit at pension funds
July 15, 2021 - Auditland raised the flag on the implementation of the second European pension directive. From now on, pension funds must also have a key internal audit function as an additional safeguard for controlled and sound management. This article explains the results of the research into how pension funds can be run effectively and efficiently.
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Risk consulting
Due to continuous change and increasing regulations, managers, directors and supervisors wonder whether their company or organisation is 'in control'. Do they have a clear picture of the risks, which governance is needed, are control processes adjusted according to the changes and is the on-board crew adequately trained for a safe voyage? In both the private and public sectors, there is a growing...
Internal Audit
The Internal Audit Function (IAF) provides insight, assurance and recommendations on the effectiveness of governance, risk management and internal control. The added value of the IAF in the management and supervision of companies is therefore increasingly recognised. For example, the IAF is anchored in the Dutch Corporate Governance Code and an increasing number of stakeholders believe that an IAF...
IORP II: internal audit of pension funds
20 August 2020 – All pension funds must have established the key function for the internal audit by 1 September 2020, including an independent key function holder (SFH). Based on IORP II legislation, pension funds are required from 2019 to establish key functions for actuarial, risk management and internal audit in order to further strengthen governance. Where risk management has already been further...