Accreditation Handbook

Internal Use Only

• Granting the approval or denial of an agency’s accreditation or re-accreditation based on reports received from the Review Team. • Encouraging and recognizing high levels of capability and performance by state regulatory agencies. • Reviewing the accreditation program format, content and procedures and revising the Program as necessary. • Approving the Review and Audit Team members to carry out the accreditation program and determines the duties and functions of these teams. • Approving any adverse actions concerning continued accreditation recommended to the committee by the Annual Review Team. The Annual Review Team has been delegated authority by the PSC to review annual reports and continuing accreditation based on those reports. • Reviewing any mandatory reporting submissions for determination of probation or suspension of accredited agencies. • Promptly notifying agencies in writing once the PSC has made its decision regarding accreditation or re-accreditation. PSC Members The current list of Performance Standards Committee members can be found on the CSBS website. For a summary of the roles and responsibilities of the chair and the members of the PSC, see Appendix B and Appendix C respectively. IV. Review Team The PSC delegates its authority to conduct the accreditation reviews to subject matter experts and does so by approving a pool of review team members, who are then assigned to various reviews by CSBS staff. The review team members are made up or retired federal and state regulators who possess the expertise to evaluate the adequacy and effectiveness of state financial regulators. Active regulators can be assigned as review team members, as needed. The main purpose of the review team is to provide recommendations to the PSC on whether a certain state agency meets the standards for accreditation. The review team will also provide recommendations and suggestions to the state agency on how it can improve its agency and how it can meet the accreditation standards. For a complete job description for an accreditation review team member, see Appendix D. The review team members are independent contractors of CSBS and are compensated per job based on the length of the review. For a list of the compensation schedule for review team members, see Appendix E. The review team members sign a confidentiality agreement and agree to CSBS’ conflict of interest policy, as needed. Confidentiality and Information Security The accreditation program follows all CSBS confidentiality, information security, and record management policies. All sensitive information provided by the agency is to be treated as confidential by the Review Team and CSBS staff. Information obtained during the accreditation process should not be discussed with anyone outside of the agency under review, the Review Team, the Performance Standards Committee and CSBS staff. Likewise, while data collected during the accreditation process may be III. V.

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