Reviewing Preliminary Financial Statements
Reviewing the association's preliminary and annual financial statements before their presentation to the Board of Directors and providing opinions and recommendations regarding them.
Investigating Any Significant Issues
Investigating any significant or unusual issues included in the financial reports.
Verifying Estimates
Verifying the accounting estimates for material matters included in the financial reports.
Policy Review
Reviewing the accounting policies of the association and providing opinions and recommendations to the Board of Directors regarding them.
Control System Review
Reviewing the association's internal, financial, and risk management control systems.
Audit Report Review
Reviewing internal audit reports and monitoring the implementation of correct procedures for the observations contained therein.
Verification
Verifying the effectiveness of the internal auditor.
Verifying the association's compliance
Providing administrative oversight to monitor the required administrative procedures within the association.
Providing administrative oversight
Monitoring financial, ethical, and legal violations, and any serious breaches of the association's policies or legal provisions identified by the internal audit.
Verifying the association's compliance
Verifying the association's compliance with relevant regulations, bylaws, policies, and instructions.
Contract Review
Reviewing contracts and transactions proposed by the association with relevant parties and providing feedback during the review process.
Reviewing the findings of regulatory reports
Reviewing the findings of regulatory reports and verifying that the association has taken the necessary actions regarding them.
Providing a technical opinion
Providing a technical opinion, at the request of the Board of Directors, on whether the Board's reports and the association's financial statements are correct, balanced, and understandable, enabling the members of the General Assembly, the Ministry, and the supervisory authority to evaluate the financial position, performance, business model, and strategies.