## Safeguards Assessments of Central Banks (SAC)

## Source details

**Canonical URL:** [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.12
- Location: Vienna, Austria
- Dates: May 6-10, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience and qualifications
- Target audience:
  - Central bank officials serving on governance and oversight bodies.
  - Senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, legal, or reserve management operations.
- Qualifications:
  - Expected educational background: university or postgraduate degree in accounting, business, economics, finance, or law.
  - Alternatively, professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors) or finance (certified financial analysts).

### Course description and pedagogical approach
- Presented by: Finance and Legal Departments (IMF).
- Purpose:
  - To give central bank officials interactive exposure to the IMF safeguards assessment methodology.
  - To emphasize central bank governance with special focus on independent oversight, transparency, and accountability for improving financial safeguards.
- Instructional format:
  - Interactive lectures.
  - Discussions.
  - Case studies.
- Core assessment areas addressed:
  - External and internal audit mechanisms.
  - Financial reporting.
  - The system of internal controls.
  - Management of international reserves.
  - Reporting of monetary data to the IMF.
- Additional thematic coverage:
  - Concepts underlying autonomy and good governance in central bank legislation.
- Participant interaction:
  - Provides a forum for central bank staff to exchange views on reinforcing safeguards and governance frameworks and dealing with emerging issues.

### Course objectives and expected outcomes
- Upon completion of the course, participants should be able to:
  - Assess the strengths and vulnerabilities of their central banks’ safeguards and governance frameworks.
  - Identify specific steps to improve financial safeguards.
  - Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency.
  - Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12_