UNHCR planned to invite a representative of the Board of Auditors to attend the review of external audit reports.

(n) Review the risk management procedures together with OIOS and the United Nations Board of Auditors and executive management

In mid 2004, following recommendations of the Executive Committee and the external auditors, the High Commissioner initiated a headquarters process review.

IAMB had the opportunity to review those reports in draft form with the auditors at its meeting on 17 and 18 April.

In mid 2004, following recommendations of the Executive Committee and of the Board of Auditors, the High Commissioner initiated a headquarters process review.

In mid 2004, following recommendations of the Executive Committee and of the Board of Auditors, the High Commissioner initiated a headquarters process review.

External auditors

Internal auditors

Resident auditors

(f) Obtain and review an annual formal activity report from the United Nations Board of Auditors that includes information on its internal quality assurance procedures

These requirements are enforced through internal controls, compliance functions and external review by the Central Bank, the FIU, Auditors, CFATF and the World Bank IMF.

H. Independence of external auditors

UNHCR has already, as noted by the auditors, disclosed some items recommended by the auditors in its financial reporting.

Report of the Board of Auditors

Comments by the Board of Auditors

Recommendations of the Board of Auditors

Report of the Board of Auditors

(c) Seven resident auditors from the resident auditor offices in the field missions will work in New York for a period of 45 days simultaneously on various topics included in the review.

and reports of the Board of Auditors

General comments by the Board of Auditors

(b) Keep under review the scope and results of the audit of the United Nations Board of Auditors and OIOS, their cost effectiveness and report periodically to the General Assembly on Committee findings

The auditors of the Office of Internal Oversight Services have agreed to elaborate criteria, in accordance with international accounting standards, to facilitate the review of audit reports by the secretariat of the Fund.

(g) Review with the Controller, the Under Secretary General for Management and the United Nations Board of Auditors the scope and results of the external audit and any significant findings reported in management letters

Item 8 Recommendations of the Board of Auditors

United Nations Board of Auditors (including its secretariat)

8. Requests the Secretary General to review the question of the term of office of the Board of Auditors and to report to the General Assembly at its resumed fifty fifth session under the item entitled Review of the efficiency of the administrative and financial functioning of the United Nations

of the Board of Auditors to the General Assembly

Table 1.13 Resource requirements United Nations Board of Auditors

These statements have been examined by the Board of Auditors.

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

In June 2004, the United Nations Board of Auditors completed its audit of the Convention's operations for the biennium 2002 2003 ending 31 December 2003 and conducted a management review of the administrative arrangements established by the secretariat.

In addition, the Board of Auditors and the Office of Internal Oversight Services (OIOS), which identified the procurement function as a high risk area, periodically review the reform process and audit procurement practices of the funds and programmes.

As clarified with the Board, 2005 was the first year that the Office of Audit and Performance Review implemented the new requirement for auditors of nationally executed expenditure to provide quantitative assessment of the financial impact of audit opinions.

2005 8 Implementation of the recommendations of the Board of Auditors

2005 8 Implementation of the recommendations of the Board of Auditors

Status of implementation of the recommendations of the Board of Auditors

Regular updates will be provided to the auditors in this regard.

(f) Serving as an issue resolution forum in cases where there are differences in respect of opinions or recommendations between managers and auditors or investigators, or among the auditors themselves

10. Calls upon the Investment Management Service to expeditiously implement the recommendations of the Board of Auditors with regard to the determination of the level of tolerance for risk, improvement in internal review of performance and the trade order management system

Also in mid 2004, the Executive Committee and the external auditors recommended that UNHCR commission an independent review of its senior management structure, to encompass issues raised by the Advisory Committee on Administrative and Budgetary Questions and the Executive Committee.

The Comptroller stated that UNICEF continued to receive an unqualified audit opinion from the Board of Auditors, and that in the Fifth Committee's review of the reports concerning the funds and programmes, no issues had been raised in relation to UNICEF.

Financial reports, audited financial statements and reports of the Board of Auditors

Endorses the recommendations of the Board of Auditors contained in its report

In paragraph 62, the Board of Auditors reiterated its recommendation that UNFPA, in conjunction with the Administration of the United Nations and of other funds and programmes, review the funding mechanism for its liability for end of service and post retirement benefits.

The Steering Committee shall work in full consultation with OIOS, the Panel of External Auditors (including the Board of Auditors), the Joint Inspection Unit and the High Level Committee on Management, as necessary.