It might also urge States to introduce disclosure obligations for such nominees, consistent with the know your customer obligations imposed on financial institutions.

Financial statement presentation and disclosure

Financial disclosure by senior officials

Financial statement presentation and disclosure

Amendment relating to financial disclosure

Administering the Organization's financial disclosure programme

(a) Administering the Organization's financial disclosure programme

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

(b) Consider further improvements to the presentation and disclosure of financial statements

The quality of financial disclosure could be undermined when consolidation requirements on financial reporting are not followed appropriately.

Most national financial reporting standards, and IFRS, require extensive disclosure on this matter.

The Organization's financial disclosure programme requires designated staff members to file a confidential statement of their financial interests every year.

(a) Assessing the integrity of the financial statements of the organizations and their accounting, financial reporting and disclosure policies and practices

The expanded financial disclosure programme will apply to approximately 1,000 staff in the United Nations Secretariat.

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

The quality of financial disclosure depends significantly on the robustness of the financial reporting standards on the basis of which the financial information is prepared and reported.

The Secretary General has issued new rules on financial disclosure that extend the financial disclosure requirements to staff carrying out procurement and investment functions, in accordance with the request of the General Assembly in paragraph 10 of its resolution 52 252.

This recommendation is also based on the successful examples of the World Bank Office of Ethics and Business Conduct and the International Monetary Fund, which administer their financial disclosure programmes with the involvement of financial experts who carry out the actual review and audits of the financial disclosure forms.

The financial disclosure programme will be administered by the proposed Office of Ethics, pursuant to its establishment.

ST SGB 2005 19 Secretary General's bulletin Financial disclosure and declaration of interest statements E F (only)

Full disclosure of financial information is a safeguard both for individual staff members and for the Organization.

(q) Evaluate changes in accounting principles to determine the appropriateness of accounting principles and financial disclosure practices

(iii) Financial statements should include clear and concise disclosure of all significant accounting policies, which have been used

UNFPA reviews its financial statements each biennium to determine where improvements in presentation and disclosure may be made.

Hong Kong greatly reduced corruption and improved administration with an amnesty, pay increases, and financial disclosure requirements for officials.

Comment by the Administration. UNRWA will ensure adequate disclosure of items in its next published financial report, as appropriate.

Ms. Lahelma (Observer for Finland) said that her delegation supported the views expressed by the representatives of Ireland, Singapore and Canada with regard to disclosure obligations.

Cooperatives have also wrestled with questions of members entry and exit, financial disclosure, and relationships with the non cooperative sector.

There is also concern that countries might face new obligations without having the additional financial means to fulfil those obligations.

The implementation of the expanded financial disclosure regime will require an amendment of staff regulation 1.2 (n) by the General Assembly.

Until recently, only staff members at the level of Assistant Secretary General and above were required to file financial disclosure statements.

UNFPA reviews the presentation of its financial statements each biennium to determine where improvements in presentation and disclosure can be made.

Third, a more expansive requirement for financial disclosure by senior officials and better dissemination of code of conduct requirements are being introduced.

Disclosure of information

Member States were therefore duty bound to honour the financial obligations so contracted.

The financial disclosure threshold levels will be lowered for assets and income from 25,000 to 10,000 and for gifts from 10,000 to 250.

Article 17 septies Disclosure

J. Disclosure and inventories

For example, we need stronger consumer protection for retail financial products, stricter disclosure requirements for new securities, and better designed vehicles for hedging risks.

So the leaders in disclosure statements right now tend to be financial and health care companies and also space travel and extreme sports vendors.

It has examined disclosure related to general meetings, the timing and means of disclosure, and disclosure on the adoption of best practices in compliance with corporate governance requirements.

Protocols and systems have also been developed to handle disclosure obligations and the investigation of exonerating circumstances, as well as the storage of evidence and the use of information from sensitive sources.

Comment by the Administration. Substantial improvements have been made to improve transparency and disclosure in the notes to financial statements, the financial report and the executive summary, as well as in the main statements.

Included in the estimates for the ethics office is an amount of 1.1 million for consultants to carry out the review of financial disclosure forms.

Anyone found to be illegally evading their tax obligations in Switzerland faces severe financial penalties.