Audit Committee
Under
the provisions of Article (11) paragraph (C) of the Social Security Investment
Fund and Investment Board Bylaw No. (97) of 2014, the Audit Committee shall
assume the following duties and powers:
1. Oversee the financial and investment activities of the Social Security Investment
Fund and audit its financial reports including its financial data before they
are submitted to the Social Security Investment Board.
2. Review the Social Security Investment Fund internal and external auditors’
reports, follow-up on actions taken regarding these reports, and submit their
recommendations to the Social Security Investment Board.
3. Submit the internal audit plan to the Social Security Investment Board
for approval.
4. Ensure the accuracy and soundness of accounting and auditing procedures.
5. Ensure the Social Security Investment Fund’s compliance with the laws,
regulations, and instructions that govern its work.
6. Exercise other powers vested in it by means of executive instructions
issued in accordance with the provisions of this Bylaw.
7. Any other tasks assigned to it by the Social Security Investment Board.