Directorate of Inspection and Monitoring
Directorate of Inspection and Monitoring shall, for the Council ―
(a) monitor compliance with auditing, accounting, actuarial and valuation standards and guidelines reviewed and adopted by the Council;
(b) recommend through the Technical and Oversight Committee, sanctions as may be necessary for the Council’s approval;
(c) implement sanctions and fines as approved by the Council in subsection (1) (b) of this section.