Headquarters audits

Feasibility of consolidating the accounts of the various peacekeeping operations

It was therefore particularly concerned at the fragility of the Organization's financial situation, delays in reimbursement to troop contributing countries and the practice of cross borrowing from peacekeeping funds to finance regular budget shortfalls.

Feasibility of consolidating the accounts of the various peacekeeping operations (A 59 795)

As required, resident auditors are posted in major emergency operations.

Two P 3 posts for Finance Officers in the Peacekeeping Accounts Division

The Central Bank of Uruguay deducted the amount of the sale from Cuba's debt to Uruguay, while the Central Bank of Cuba did not recognize the transaction, deeming it to be a donation, so that in its view, and in its books, the debt to Uruguay remained the same.

a An option was included to convert US 30 year bond into a US 12 year bond with debt reduction.

The total outstanding assessed contributions for all peacekeeping operations at that date amounted to 1,293 million.

Ongoing process improvements include the regular reconciliation of amounts due to from United Nations accounts (para. 52), the prompt clearance of outstanding inter agency reconciling items (para. 150) and the regular monitoring of long outstanding advances (para.

The following reports on headquarters audits were issued during the period.

Furthermore, cross borrowing from the accounts of closed peacekeeping operations could only slow down the reimbursement of debts to Member States in respect of peacekeeping operations.

Total outstanding assessed contributions for all peacekeeping operations as at the same date amounted to 2,217 million.

The total outstanding assessed contributions for all peacekeeping operations at that date amounted to 2,218.8 million.

The total outstanding assessed contributions for all peacekeeping operations at that date amounted to 2,315.6 million.

The Board conducted not only financial statement audits but also operational and compliance audits.

The total outstanding assessed contributions for all peacekeeping operations at that date amounted to 2,315.6 million.

(s) Note by the Secretary General on the feasibility of consolidating the accounts of the various peacekeeping operations (A 59 795)

Such closure depends on whether transactions are still expected of the project accounts.

So the company has wisely left its cash invested in global financial accounts, not business operations.

In paragraph 73 of the report, UNDP agreed with the Board's reiterated recommendation that it review on a regular basis the complete ageing of accounts receivable with a view to collecting long outstanding amounts.

(b) Audit of construction engineering projects in peacekeeping operations and a review of the engineering section of the Department of Peacekeeping Operations, planned to be carried out by a consultant for a total of 15,000.

With regard to the review of the management structure of all peacekeeping operations, the note by the Secretary General (A 59 795) explained the reasons for the delay in the submission of the report on the feasibility of consolidating the accounts of the various peacekeeping operations.

In paragraph 128, UNFPA agreed with the recommendation of the Board of Auditors to continue its efforts to obtain and record particulars of actual audit costs for all audits of nationally executed projects.

Apart from the estimated uncollectable amounts, recorded under the provision for doubtful accounts receivable, we expect all significant accounts receivable at 31 December 2004 to be collected.

In paragraph 43, the Board indicated that UNODC agreed with the Board's recommendation to define a write off policy of its long outstanding receivables and clear its old outstanding accounts receivable.

Rather than resorting time after time to bailouts and delay, isn t there a way to more swiftly and decisively restructure the debts of insolvent sovereigns?

However, that failure aside, the Fund should be using all efforts to make the payment to which there is an entitlement so that beneficiaries do not suffer hardship.

But Kim s calculus is different from that of most rulers.

In the past, that practice had resulted in inordinate delays in reimbursements to countries providing troops and contingent owned equipment.

His delegation noted with concern that the Organization had resorted to borrowing funds from the accounts of closed peacekeeping missions to finance the operations of the International Tribunals and several ongoing peacekeeping operations, as well as regular budget activities.

Contributions receivable

Accounts payable

In paragraph 66 of its report, the Board recommended that the Private Sector Division manage more proactively its accounts receivable, by systematically planning for remittances and write offs and by a thorough annual collectability analysis of all receivables.

The Republic of Korea was experiencing unprecedented difficulties in paying its assessed contributions to the peacekeeping budget for the current year on account of the arrangement that had been imposed for the apportionment of peacekeeping costs.

No, we are talking about 10 million, 20 million dollars on the Swiss bank accounts, on the bank accounts of Liechtenstein, of the president's ministers, the high officials in the para statal sectors.

Online Accounts

58 277. Report of the Joint Inspection Unit on the management audit review of outsourcing in the United Nations and the United Nations funds and programmes

UNICEF appreciated that audits were used to identify areas where improvements could be made, and would continue to aim for unqualified audit reports.

Recovery of indebtedness to the Fund

1999 and 2000 2001 amounting to 4,367,691 were distributed to eligible Member States.

Debt to Member States

The payment of contributions to the peacekeeping budget in full and on time would also make it possible to speed up the reimbursement of debts owed to Member States for troops and contingent owned equipment.

Under the cost sharing arrangements, it is estimated that approximately one half of external audit costs are expended on the audit of administrative operations and one half on investment operations.

He expressed concern at cross borrowing from the accounts of peacekeeping operations, noting that it was particularly disquieting that the Organization had had to resort to cross borrowing for two weeks in September 2004 to cover the regular budget shortfall.