SZV RECEIVES ITS FIRST CLEAN AUDIT REPORT DUTCH ST MAARTEN 2022
~ SZV’s financial statements comply with GAAP guidelines.~
PHILIPSBURG, St Maarten (Monday, October 10, 2022) — For the first time, Social & Health Insurances SZV received a clean audit report for its 2021 financial statements. The clean audit report was issued on September 27, 2022, by the government audit bureau, Stichting Overheids Accountants Bureau (SOAB). A clean audit report also termed an ‘Approved Control,’ means that the auditors found that the financial reporting by SZV was accurate and transparent. SZV has prioritized improving both the timeliness and quality of its financial statements, which has contributed significantly to this year’s approved control and milestone.
“We’ve worked very hard to improve our financial reporting and processes over the years, and receiving this approved control shows that we are moving in the right direction. I am extremely proud of our entire team at SZV. The commitment of every staff member to ensure that our processes are effective has made this milestone possible. We are advocates for sustainable solutions and could not do this without SZV’s Supervisory Council, which has an instrumental role in guiding me as the Director of SZV and Minister of VSA, Mr. Omar Ottley. I want to thank Minister Ottley for the strong collaboration and support in addressing the legislative areas that must be improved to safeguard the health care funds.