In compliance with the provisions of the Accounting Act, the annual report of the company is audited by an auditor each year, which has been Ernst & Young Kft. since 2008. The audit involves a comprehensive review of the accounting and settlement system and, based on the Decree regulating the operation of the student loan system, certain specific interest items. The Student Loan interest rate may be determined based on the interest items specified in the Decree and the applicable restrictions. The Company defines the risk premium based on actuary calculations and the operating premium of the interest based on the applicable provisions of the Decree but the total of the two elements may not exceed 4.5 percentage points. When calculating the cost of funds, the interest type and other associated costs involved in the financing of the student loan system are charged.
Based on the Decree, the auditor of the Company is required to review, parallel with the auditing of the annual report, the interest elements charged.
Student Loan Centre (DK Zrt.) has an internal audit department under the professional supervision of the Supervisory Board. The tasks related to the internal auditing system are included in the approved Internal Auditing Regulations. The primary objective of the internal audit department is to discover any innate operating faults in DK Zrt. and by doing so assist in their correction and elimination and, by making proposals, help prepare executive decisions and facilitate the full and effective implementation of those decisions.
The internal audit department of Diákhitel Központ Zrt. performs its tasks based on the annual audit schedule approved by the Supervisory Board. Internal audits are always documented in internal audit reports, which are submitted to the Supervisory Board for approval (information). The internal audit department regularly (semi-annually or annually) reports to the Supervisory Board regarding its activities and the progress made in implementing recommendations.
The qualifications required for Diákhitel Központ Zrt’s internal auditors are included in the Internal Auditing Regulations.
Audit Committee
The duties identified in Act CXX of 2001 on the Capital Market as those within the competence of the audit committee are performed by the Company’s Supervisory Board. Every year, the Supervisory Board identifies the specific tasks required to fulfil the obligations of the audit committee in its own schedule of work.
The Auditor
The Company Auditor:
Name: Ernst &Young Könyvvizsgáló Korlátolt Felelősségű Társaság
Company registration number: Cg. 01-09-267553
Registered office: H-1132 Budapest, Váci út 20.
Auditor in charge:
Name: Gergely Szabó
Mother's name: Zsuzsanna Katalin Kiss
Address: 1202 Budapest Mézes u. 35.
Chamber registration number: 005749
