In carrying out its statutory tasks (pursuant to Article 38g para. 3 and Article 38h para. 1 of the Act on the BFG), the Bank Guarantee Fund carries out audits with respect to the accuracy of data contained in banks’ calculating systems.
Such audits are carried out both at the head office of the Bank Guarantee Fund as well as in banks:
In carrying out its statutory tasks (pursuant to Article 38g para. 3 and Article 38h para. 1 of the Act on the BFG), the Bank Guarantee Fund carries out audits with respect to the accuracy of data contained in banks’ calculating systems.
Such audits are carried out both at the head office of the Bank Guarantee Fund as well as in banks:
- within the scope of the audit process that takes place at the Fund, verification is conducted with respect to the correctness and completeness of data that is to be conveyed at the request of BFG and that is necessary in order to identify depositors and amounts of guaranteed deposits due to be reimbursed,
- within the scope of the audit process that takes place on location in banks, verification is conducted on the basis of source documents with respect to the correctness of data contained in the calculating system, as well as with respect to the correct use, by banks, of the definition of “depositor” and “guaranteed deposits”, as stipulated in the relevant legislation.
Audits in banks are carried out by an audit team, appointed by the President of Management Board of the Bank Guarantee Fund.
Detailed information pertaining to the calculating system can be found in the following sections:
- The calculating system
- The SRG BFG portal
