The SCF when preparing the final review report (“Final Report”) should consider that the report is to assist the IFI in establishing effective and adequate procedures at the institutional level, making corrections and improvements where needed, and rectifying and closing identified gaps, if any. The Final Report should include:
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adequacy of control status and adequacy of management action,
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an executive summary that will briefly explain the scope and methodology used in preparing the report (such as specifying the total number of customers or transactions, sample size, list of issues and their risk grading, etc.), and
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details of issues and actions as per the Standard and the Note.
b.
The Final Report may include a statement of the level of cooperation and support extended by the relevant departments to the SCF during the review exercise.