Chương I Thông tư 06/2020/TT-NHNN: Quy định chung

Chapter I

GENERAL

Article 1. Scope

This Circular provides for internal control and internal audit of the State Bank of Vietnam (hereinafter referred to as “SBV”).

Article 2. Regulated entities

1. Units affiliated to the State Bank of Vietnam, including Banking Supervision Agency; Departments and equivalent; State Bank branches of provinces and central-affiliated cities; public service providers and other units established by the SBV’s Governor (hereinafter referred to as “the Governor”).

2. Controllers; internal controllers and internal auditors of SBV.

3. Other organizations and individuals related to internal control and internal audit activities of SBV.

Article 3. Definitions

For the purposes of this Circular, the terms below shall be construed as follows:

1. “SBV internal control system” means a collection of internal mechanisms, policies and processes and organizational structure, is established and implemented within units affiliated to the SBV in accordance with regulations of law, the State Bank and this Circular with the aim of controlling, promptly preventing, detecting and handling possible risks, ensuring that units operate in a safe and effective manner and objectives are achieved.

2. “internal control activities” involve supervision and inspection by organizations, individuals, internal controllers and/or authorized persons of departments and individuals during performance of their duties in order to discover inadequacies, deficiencies and violations, thereby taking or requesting a competent authority to take timely actions against them in order to ensure safe and effective management and use of resources and operation of units, and compliance with laws.

3. “internal audit activities” involve inspection, assessment and determination by SBV’s internal auditors of properness, effectiveness and efficiency of the internal control system; truthfulness and reasonableness of financial information, management information, and compliance and operational efficiency of the audited units, thereby proposing remedial measures against deficiencies, taking actions against violations or giving advice on improving the effectiveness and efficiency of the internal control system to assist the units in operating safely and lawfully and achieving their objectives.

4. “risk-based internal control and internal audit” means a methodology which is primarily focused on determining and assessing the possibility and level of risks posed to each activity, operation or process or operation of a unit so as to apply or implement internal control and internal audit in an appropriate and effective manner.

5. “internal control division/department” means a division or department assigned to carry out internal control at units affiliated to SBV.

6. “internal controller or internal auditor” means an official assigned to carry out internal control or internal audit at units affiliated to SBV.

7. “relatives” include biological parents, adoptive parents, fathers- and mothers-in-law, spouses, biological children, sons- and daughters-in-law, siblings, brothers- and sisters-in-law.