Effectiveness of Internal Control and Risk Management Regulations on internal control

Regulatory framework for internal control.

Review of relevant regulations for internal control (IC), including, regulations specific to financial control and risk management and regulations for internal audit (IA). The criteria below are based on COSO 2013 IC-IF, IIA IPPF standards 2017, and INTOSAI GOV 9100 and 9130.

Subindicators fulfilled per country

The definition of IC and IA in policy or regulatory documents are defined according to international standards.

Regulations on IC define managerial responsibility regarding the implementation of IC and IA.

Regulations specify the objectives of IC.

Regulations on IC establish annual IC and IA reporting activities.

Guidelines on fraud and corruption prevention are available and part of the IC system.

Regulations for implementing internal control are applicable to all central government institutions, including social security funds.

Standards of conduct and ethical behaviour are published and applicable for ministers.

Standards of conduct and ethical behaviour are published and applicable for members of parliament.

Standards of conduct and ethical behaviour are published and applicable for other political appointees.

Standards of conduct and ethical behaviour are published and applicable for civil servants.