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RS 414.121 EPF Board Order of 5 February 2004 on the Internal Audit of the EFA Domain

Original Language Title: RS 414.121 Ordonnance du Conseil des EPF du 5 février 2004 sur l’audit interne des finances du domaine des EPF

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414.121

EPF Council Ordinance on the Internal Audit of the EFA Domain 1

On 5 February 2004 (State 1 Er August 2007)

The EFA Council,

See art. 35 A , para. 2, of the Act of 4 October 1991 on EPF 2 , in agreement with the Federal Audit Office,

Stops:

Art. 1 Internal Audit Tasks 1

1 The internal audit service (internal audit) shall carry out the internal review of FIFs and research institutions in the field of EPF, in accordance with Art. 11 of the Act of 28 June 1967 on the Control of Finance 2 . 3

2 It assesses, in particular, risk management processes, management and control systems, and governance and contributes to their improvement. 4

3 It does not have the competence to exercise financial supervision over the EPF Board and its staff. 5

1 New expression according to c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ). This amendment has been taken into account throughout this text.
2 RS 614.0
3 New content according to the c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ).
4 New content according to the c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ).
5 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).

Art. 2 Internal Audit Status

1 Internal audit carries out its tasks independently and independently.

2 It is subordinate to the President of the Council of EPF. 1

1 New content according to the c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ).

Art. 3 1 Monitoring

1 Oversight of internal audit shall be provided by the Audit Committee 2 Established under s. 18 of the Council of EPF's internal rules of 17 December 2003 3 .

2 The Director of Internal Audit shall participate in the meetings of the Audit Committee.

1 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).
2 New expression according to c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ). This amendment has been taken into account throughout this text.
3 RS 414.110.2

Art. 4 Rights and obligations of internal audit

1 Internal audit has an unlimited right to information. He or she may consult all files and request the information necessary to carry out his or her duties. It shall ensure that it is informed of all essential events, projects and directives of the institutions in the field of FIF.

2 It carries out its duties with competence, diligence and discretion.

3 He is not entitled to give instructions. No operational tasks are delegated to him.

Art. 5 Internal Revision Standards and Criteria for Financial Oversight

1 The internal audit shall carry out the internal review in accordance with recognised professional standards.

2 The criteria for financial supervision are regularity, legality, cost-effectiveness and efficiency.

3 Cost-effectiveness controls are intended to determine whether resources are being used in an economical manner, whether the cost/utility ratio is beneficial, and whether the expenditures are having the desired effect.

Art. 6 1 Review and Special Controls Program

1 The internal audit proposes a revision programme each year in agreement with the Federal Audit Office. This programme is approved by the Audit Committee.

2 BEPs or research institutions may propose special controls. These must be approved by the Audit Committee.

1 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).

Art. 7 Report

1 The internal audit shall draw up a report for each revision. This report contains the results of the controls and the recommendations made.

2 The revision report shall be submitted to the President of the FIF where the revision relates to an FIF, or to the Director of the Research Institution, when it relates to a research institution. A copy of each revision report shall be sent to the President of the EPF Board and to the members of the Audit Committee. The revision reports are brought to the attention of the Federal Audit Office. 1

3 At the end of the year the internal audit shall draw up an activity report for the attention of the Audit Committee. A copy is sent to the Federal Audit Office. 2

1 New content according to the c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ).
2 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).

Art. 8 Procedure in case of dispute

1 FIFs and research institutions shall make written opinions on the recommendations of the internal audit within the prescribed period.

2 If their opinions differ on essential points of the recommendations of the internal audit or if the latter finds that essential recommendations have not been implemented, it shall submit the case, together with a written proposal, to the Committee Audit. 1

3 The decisions of the audit committee shall be communicated to the internal audit and the Federal Audit Office. 2

1 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).
2 New content according to the c. I of the Council of EPF O of 23 March 2005, in force since 1 Er May 2005 ( RO 2005 1825 ).

Art. Entry into force

This order shall enter into force on 1 Er April 2004.


RO 2004 1421

1 New content according to the c. I of the OFI Council of 4 July 2007 ( RO 2007 3481 ).
2 RS 414.110

State 1 Er August 2007