A description of the board's duties in overseeing the process of producing the financial statements should be provided.

In paragraph 21, the Board recommended that UNRWA improve its review and quality check processes in the preparation of the financial statements to ensure fair and accurate presentation and disclosure.

None of the claimants in this instalment fall into Stream 3.

Presentation of the thematic database

The presentations were followed by an exchange of views.

Financial disclosures

Financial statement presentation and disclosure

Financial statement presentation and disclosure

Non Financial Disclosures

The Board has not audited those financial statements.

Notes to the financial statements Annex I

The presentations were followed by an exchange of views with delegations.

Follow up report on the implementation of the recommendations of the Board of Auditors for the biennium 2002 2003

b Classified as contractual services in the financial statements.

Financial data and reports for audit purposes

It is not intended to express an audit opinion on the financial statements for the twelve month period ended 31 December 2004, but rather to report on the activities carried out by external audit and any recommendations resulting therefrom.

(b) To discuss with management and the United Nations Board of Auditors the audited financial statements and monitor the integrity of the financial statements and other such information required by members

Chairman, Philippine Commission on Audit

These financial statements are the responsibility of the High Commissioner.

Audited financial statements for the biennium 2002 2003 Budget performance for the biennium 2004 2005

Please provide data in support of your response to the above question.

When presenting data, an attempt was made to distinguish between data provided by countries, and data sourced from elsewhere.

Financial information used elsewhere is consistent with that in the financial statements.

The review indicated that the financial statements were consistent with the standards.

(p) Monitor the integrity of the financial statements and internal controls of the United Nations

(a) That the financial statements are in accord with the books and records of the Tribunal

(b) The financial statements were prepared in accordance with the stated accounting principles

The new policy will be implemented in the preparation of the financial statements for 2006.

Analytical databases use these databases because of their ability to deliver answers to complex business queries swiftly.

That experience raised many issues regarding policies for data submission and data access as well as confidentiality concerns.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

It has discussed disclosure relating to various categories of financial and non financial information.

Please provide these data as well as details on steps taken to develop a policy on equal opportunities and details on financial resources that have been allocated to the Indigenous Employment Programme.

For individual businesses, financial misrepresentation is illegal.

The main focus of the progress reporting contained therein is on financial data.

8. Expresses concern that the United Nations Office for Project Services was unable to submit its financial statements to the Board of Auditors and thereby prevented the Board from expressing an opinion on the financial statements, and requests the Office to ensure that this situation is not repeated in future

The level of spending on flexible expenditures, such as staff training and development, supplies and equipment, and travel, was drastically reduced.

Where fundamental accounting assumptions are followed in financial statements, disclosure of such assumptions is not required.

(v) Financial statements should show corresponding figures for the preceding period

Fiscal stimulus is needed as well.

(iii) Deliver value for money outputs and services

Technical competency in understanding financial statements and reporting, generally accepted accounting principles, audit and investigation

The financial statements are prepared in accordance with the Financial Regulations and Rules of UNICEF and the accounting standards of the United Nations system.

All members of the committee must be able to read and understand financial statements.

The Administration also notes that the Board has attested to the fairness of the financial statements in its audit opinion.