ETHICS AUDIT

The ethics audit is an annually conducted procedure of verifying the conformity of KPF’s members’ business activity with the rules set in the Principles of Good Practice (PGP). When joining KPF, every member company has to sign a declaration of adhering to the standards set in the Principles.

The audit is based on completing questionnaires which represent the four books of the PGP:

• General Principles
• Good Practice in Selling Credit Products
  
• Good Practices in Debt Collection
  
• Good Practices in Economic Information Bureaus
  
  

Every member company completes a questionnaire adequate to its trade. The completed questionnaires are assessed by the Ethics Audit Working Group which is composed of representatives of member companies. Based on the Working Group’s recommendations KPF’s statutory body, the Ethics Commission, awards certificates confirming that a given company has conducted the audit and obeys the rules set in the Principles of Good Practice.