Note 15 Accounts payable

(a) Bank accounts managed 450 495

(v) Other accounts payable, credit balances and accrued expenses

The Controller served as Moderator of the Seminar.

The amounts in Statement II under accounts payable includes, inter alia, amounts due to other agencies as follows

Administration and use of the special accounts for programme support costs

Applied credits

Applied credits

Retirees apos credits

With adequate resources to properly represent cases, those without legal foundation might be avoided and consideration of remaining cases would be expedited by virtue of their clear presentation on the merits.

UNDP management response and audit action plan

The best example is provided by the initiatives in the management of the accounts.

Less Applied credits 223 888

Ex participants apos credits

The Board previously reported on deficiencies in bank and cash management.

Government creditors have not been under the same pressure.

Less Applied credits

TOTAL Continuing participants credits

I made the rounds of all my charge accounts.

42. The Administration confirmed that some of the credit and debit balances queried by the Board indeed reflect recoveries made before the accounts were adjusted or amounts charged to the wrong accounts.

3. Commends the Board of Auditors for the quality of its reports, in particular with respect to its comments on the management of resources

4. Commends the Board of Auditors for the quality of its reports, in particular with respect to its comments on the management of resources

The audit committee Charter has been reviewed and revised in line with the United Nations governance review.

The record of audit ratings from 2003 2004 shown in table 5 below demonstrates a considerable improvement in the management of fund raising and donor reporting in 2004 over the previous year, but also indicates that there is a generally stable share of country offices each year that do not meet the full range of the defined management standards of UNICEF in the core areas of finance, programme management and cash and supply assistance.

In paragraph 71 of the report of the Board of Auditors, it recommended that the Administration should ensure that proper bank and cash management processes are in place.

The United Nations Office at Geneva Treasury regularly reviews current accounts and those which are considered redundant or dormant are recommended for closure.

(b) A reference to the responsibility of the management of the United Nations Industrial Development Organization and the responsibility of the External Auditor

Risk management ratings applied to each audited functional area

The Executive Director shall be responsible for, and report to the Council on the Administration of the financial accounts.

An external audit was something completely separate from and outside the management structures of an organization.

108. The Board undertook a review of UNDP management of its programme and projects.

Treasury receives assessed contributions administers peace keeping operations apos bank accounts makes various payments from those accounts and arranges for short term investments for their cash holdings.

DMFAS pays for itself by making debt servicing procedures more efficient and by checking inconsistencies in the claims of creditor agencies.

Continuing oversight through audits. The audit function will continue to assess and analyze the effectiveness and adequacy of programme and operations management practices, governance processes and internal controls throughout the organization.

In general, OIOS is satisfied that the Department of Peacekeeping Operations and the peacekeeping missions have taken the necessary action to implement audit recommendations and to address issues raised in audit reports.

As the strongest creditor country, Germany has emerged as the hegemon.

This overview report would consider the Board's recommendation as well and would be submitted to the Assembly at its resumed sixtieth session.

The development of the information management strategy for the Department was in progress.

The requirements of 64,400 under consultants relate to the completion of the SWIFT cash management system, which will permit automated matching of cash and investment transactions and consolidation of bank accounts, thus simplifying account management and reducing overall costs for banking.

The auditor apos s report assesses the project apos s management, focusing on the financial aspects of the project and the relationship of inputs to outputs. Within this framework, auditors also discuss issues such as project formulation and project effectiveness.

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

Based on the evaluation and audit recommendations, the Unit provides policy advice for improved programme management and implementation.

(k) UNCITRAL Model Law on International Credit Transfers (1992)

The associated credits are reflected in income section 2.

Credits due to unencumbered balance (21 527 100)