Audit costs

Table I.2 Actual audit costs compared to available resources (United States dollars)

The provision under audit costs reflected a reduction in the costs of both external and internal audit, reflecting the resource levels recommended by the Board of Auditors and the Office of Internal Oversight Services.

The Standing Committee approved, for submission to the General Assembly, the proposed budget estimates of 108,552,700, comprising administrative costs ( 57,439,000), investment costs ( 49,393,100) and audit costs ( 1,720,600).

The resources requested by the Secretary Chief Executive Officer for the biennium 2006 2007 comprised 61,881,300 for administrative costs, 66,757,800 for investment costs and 1,720,600 for audit costs.

This amount was inclusive of extrabudgetary costs amounting to 642,400 to be funded by a number of member organizations and comprised 35,671,100 for administrative costs, 43,014,100 for investment costs and 1,443,200 for audit costs.

This initiative also covers audit observation 132, relating to optimization of occupancy costs in the Chrysler Building.

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.

The reduction in the estimated costs of external audit reflects a reduced provision by the Board of Auditors ( 27,000).

The Advisory Committee was informed that the Board was currently reviewing the estimated audit costs of the field missions and Headquarters activities to reflect the planned expanded audit coverage for 1994 1995.

The provision of external funds will call for the usual audit requirements, a situation which will raise the overhead costs.

(c) To develop capacity in the areas of programme approach, national execution, programme accountability and financial audit, support costs and evaluation and monitoring

Audit procedures and results of the additional audit scope

Internal audit

Audit Recommendations

Audit opinion

Audit process

Internal audit

Audit opinion

External audit

Internal audit

Internal audit

Audit Division

Audit service

Audit services

Audit services

Audit services

Audit services

A. Audit

Audit reports

Audit services .

Audit services

Management audit

Audit services

Audit services

The Secretary Chief Executive Officer introduced the document and addressed each of the three components of the budget, namely administrative, investment and audit costs.

Annex 1. Crosswalk between audit observation initiatives and audit observation

The reduction of 46,900 in the costs of internal audit is the net effect of the request made by the Office of Internal Oversight Services.

Audit the Fed?

Internal audit ratings

Audit services 10.0

Internal audit function

Scope of audit

OIOS Audit Service

UNHCR Audit Service