Abbreviation for Administrative Organization and Internal Control and relates to the functioning of business processes necessary for reaching the objectives of the organization and ensuring reliable (accountability) information is available. (administratieve organisatie/interne controle)


General Pension Fund of St. Maarten is the fund in which all government or public sector workers participate.(Algemeen Pensioenfonds Sint Maarten). For more about APS, visit www.apsxm.org


Conducting an official examination of an individual’s or organization’s accounts.

Audit Opinion

Statement of the auditor about the financial statements based on findings of an audit. (oordeel van accountant)

Audit report

Report made by the auditor at the completion of the audit work or research. (onderzoeksrapport)

Audit scope

The extent and boundaries of an audit, or in other words the who, what, where and when of an investigation. (omvang van het onderzoek)