Internal controls

Financial and internal controls management

Understanding of internal controls and procedures for financial reporting

12. Welcomes the Declaration on internal controls in diamond trading and manufacturing centres endorsed by the Brussels plenary meeting, and encourages all such centres to carry out effective enforcement measures as part of their internal controls to ensure adequate government oversight over the trade in rough diamonds

(1.6) With regard to effective border controls

Planned improvements in management reporting and internal controls in accordance with the recommendations of the external auditors are essential for such delegation of authority to become effective.

Emphasizes that the implementation of the recommendations of the Board of Auditors is essential to ensuring efficient operations and effective internal controls, and decides to monitor closely these efforts.

(d) That the internal controls, including internal oversight, are adequate in the light of the extent of reliance placed thereupon.

12. Emphasizes that the implementation of the recommendations of the Board of Auditors is essential to ensuring efficient operations and effective internal controls, and decides to monitor closely these efforts.

A broad concept, internal control involves everything that controls risks to an organization.

An independent expert undertook a thorough review of the internal controls for Atlas.

The segregation of duties, a basic requirement for internal controls, was not always respected.

The Committee may review internal controls and compliance, and has done so for the latter.

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

The audit demonstrated that internal controls in some areas could be strengthened. There was a

(d) To review the controls, including internal audit, and processes established to properly manage the project.

1.12 Effective implementation of paragraph 2 (g) of the resolution requires States, inter alia, to have effective border controls.

Sometimes the culprit is lousy internal controls in financial firms that over reward subordinates for taking risk.

To ensure an effective internal audit mechanism, the Coordination Council has adopted a Charter for Internal Audit.

Greece, for example, also participates in the Schengen system to implement internal and external controls for the region.

Ensure the controls provide the required cost effective protection without discernible loss of productivity.

The Conference recognizes the importance of effective controls on nuclear related dual use items.

(b) the authorities of the recipient country should apply effective controls on re export

Plenary heard the first report of the ad hoc sub group on alluvial production established by the Gatineau Plenary meeting in October 2004, and adopted a Declaration setting out recommendations for effective internal controls over alluvial diamond mining.

Comment by the Administration. An external service provider is conducting an independent review of the internal controls for Atlas.

This means consolidating, securing and, when possible, eliminating hazardous materials and implementing effective export controls.

This will result in improved and real time information flow, better internal controls, streamlined business processes and improved management reporting.

(d) Effective and efficient systems of risk management and internal control and

Noting in this regard the Declaration on internal controls in diamond trading and manufacturing centres, endorsed by the Brussels plenary meeting,

(m) Review the United Nations system of internal control, including financial, operational, compliance controls and evaluate the effectiveness of risk management

In more than 50 per cent of the operations audited, internal controls in this area were assessed as weak and ineffective.

OIOS continues to apply a measurement system to rate the effectiveness of the application of key internal controls in audited operations.

UNHCR stated that compliance in the private sector concerns external laws and regulations, whereas in an international organization it concerns internal regulations and rules, which are part of the organization's internal controls.

UNHCR stated that compliance in the private sector concerns external laws and regulations, whereas in an international organization it concerns internal regulations and rules, which are part of the organization's internal controls.

Development of an effective set of flight controls was a critical advance in the development of aircraft.

In the end, internal demand is the only effective defense against external vulnerability.

They must reduce the threat of proliferation to non State actors by establishing effective national controls and enforcement measures.

In implementing the travel ban, the Schengen States address the absence of internal border controls through measures such as enhanced police and judicial cooperation.

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.

Australia welcomed the draft resolution of the Security Council on non proliferation which would, among other steps, require States to enact effective controls, including export controls, to prevent the proliferation of weapons of mass destruction.

The IMF s policy note makes clear that controls on cross border financial flows can be not only desirable, but also effective.

Concerning export controls, Israel supports and participates in international efforts to identify concrete and effective steps against the proliferation of WMD.

Maybe the collapse stems from lousy internal controls in financial firms that, swaddled by implicit government guarantees, lavish their employees with enormous rewards for risky behavior.

In recent years, much attention has been paid to the role of the board in risk assessment or management and internal controls designed to mitigate risk.

The Financial Rules provide detailed guidance regarding contract approvals, as well as the internal controls and administrative processes necessary to safeguard the interests of the IsDB.