Videos

Episode 3: Knowing your Pension Plan

Much like any future investment, you should know as much as you can about your pension plan. Do you know what type of pension plan you have? For public sector workers it is crucial to keep an eye on the changes being made to the the General Pension Fund, APS. Watch our Third Episode of our #Pension Mini-series to find out how you can stay informed! You can also read our audit reports on APS' financial statements on our website, which GAC conducts every year. #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Monday, February 11, 2019

What is a Coverage Ratio?

With just about 4000 participants enrolled in General Pension Fund (APS), The General Audit Chamber audits the financial statements of APS not only for the benefit for the participants, but to assist the fund, the Minister of Finance and Parliament. Watch our second episode of our #Pension Mini-series to find out what results the audit has uncovered over the years. #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Friday, January 4, 2019

What is Redundancy Pay?

At the beginning of the month, General Audit Chamber released it's audit report on redundancy pay for political authorities. GAC found that in practice, legal procedures are not followed in terms of the redundancy benefits. But before we get into that, let's review the basics. What is redundancy pay, and how should it be issued? Get all the details on the redundancy pay report here: https://bit.ly/2R5qUq4 #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Thursday, September 27, 2018

SXM Budget Mini Series Episode Four Part 2: "It's Not Just Spending"

In PART 2 of EP4 we dive into what BUDGET EXECUTION is, beyond just spending. We walk through which advisory entities come into play, Ministerial Accountability, and the process of changing the budget. Don't forget to watch all our other episodes of our #SXMBudgetSeries #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Monday, March 5, 2018

SXM Budget Mini Series Episode Four Part 1: "The Spending Can Begin"

So what happens after the budget is approved? In Episode 4 Part 1 of #SXMBudgetSeries we explain who is busy doing what during the budget execution; we'll dive into spending and performance reports in this part of Episode 4 #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Tuesday, February 13, 2018

SXM Budget Mini Series Episode Three: "Approved"

The Third Episode of the #SXMBudgetSeries is all about APPROVING the budget. This is a significant step in the budget cycle as this is the decision that influences an entire fiscal year. #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Saturday, January 6, 2018

SXM Budge Mini Series Episode Two: "The First Major Step"

The Second Episode of our #SXMBudgetSeries is finally here and it's all about the first MAJOR step for one of the most important tools for our country's success. We’ll discuss very important deadlines and significant keyplayers within this phase. Don’t forget to Turn the Sound On! #ARSXM #GACSXMCouncil of Financial Supervision: http://bit.ly/2l9aCxOThe Constitution: http://bit.ly/2l7Xd9wNational Accountability Ordinance: http://bit.ly/2CdcRdh

Posted by General Audit Chamber Sint Maarten on Wednesday, December 27, 2017

SXM Budget Mini Series Episode One: "After Irma"

The First Episode, covering one of the most important topics St. Maarten has been dealing with Post-Irma, is finally here. Watch the first episode of our #SXMBudgetSeries as we break down St. Maarten's budget cycle and discuss how Hurricane Irma has affected the cycle. Don't Forget to Turn the SOUND ON. Like our Page as we share updates and important facts in between episodes, and to catch Episode 2. #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Tuesday, December 12, 2017

What does the Corporate Governance Council do for St. Maarten?

What is the CGC exactly?The Corporate Governance Council (CGC) is mentioned in regards to supervisory board appointments and director appointments for government-owned foundation and companies. Last week, we discussed the audit results of the audit on Administrative Appointments Part 2. In our audit report, we explained that we were unable to confirm that CGC advice was available in 70% of the director appointments done in the period 2015 until May, 2017. Here's a breakdown of what the CGC does for St. Maarten. Read the full Administration Appointments Part 2 Report, here: http://bit.ly/2uyoIMX#GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Thursday, August 10, 2017

What is the General Audit Chamber?

The General Audit Chamber is now extending its reach with the General Audit Chamber Facebook Page.You’ve probably heard or read about the General Audit Chamber at one point. Here’s a simple break-down of what the audit chamber is and how the General Audit Chamber strives for a proper functioning democracy. On this page stay updated on St. Maarten's pressing topics, report releases, important information from past reports, as well as other relevant topics. #GACSXM #ARSXM

Posted by General Audit Chamber Sint Maarten on Tuesday, June 13, 2017