(i) To consider the effectiveness and objectivity of the external audit process

However, the Treasury would reconsider the Board of Auditor's recommendation.

Any resultant unrealized gain is not recorded as income for the period, but set aside within accounts payable other .

7. Decides to consider further the reports of the Board of Auditors on the International Criminal Tribunal for Rwanda and the International Tribunal for the Former Yugoslavia under the respective agenda items relating to the Tribunals

The European Union believed that the Organization needed to adopt the proposal as a matter of principle, irrespective of the actual identity of the External Auditor at any given moment.

(Signed) Philippe Séguin First President of the Court of Accounts of France (Lead Auditor)

Further information on the issues being considered for the SNA update and progress can be found at http unstats.un.org unsd sna1993 issues.asp.

(c) Audits to be carried out by resident auditors in the peacekeeping missions.

The United States delegation wondered whether the lower estimated cost of external audits by the Board of Auditors reflected reduced audit coverage or better audit efficiency.

The Auditor and its staff shall have free access at all convenient times to all books, records and other documentation which are, in the opinion of the Auditor, necessary for the performance of the audit.

Financial services in the national accounts

In addition, I have the honour to present the report of the Board of Auditors with respect to the above accounts, including an audit opinion thereon.

Open Accounts

All accounts

Special accounts.

b Outposted to the Department of Economic and Social Affairs for financial matters related to technical cooperation.

Monitoring of accounts

Report by the Director General

Health accounts

Principal accounts

(a) Reviewing the strategy and workplans of internal and, in some organizations, external audit and discussing the scope and content of their audits so as to identify audit priorities and suggesting potential audit areas within which to address the organization's risks

The First President of the Court of Accounts of France

Comment by the Administration. The Audit and Inspection Committee considered this recommendation at its meeting held in December 2004 and will be making appropriate recommendations to the Commissioner General after consideration of best practice in this regard.

In paragraph 112, the Board recommended that UNCC reconsider its decision not to request Member States to include in every audit certificate comprehensive and up to date information on their national compensation payment system.

Any statement of ex gratia payments is submitted to the Board of Auditors with the annual accounts.

Comment by the Administration. The standard time frame for the issuance of audit reports is to be examined as part of the review of its audit procedures.

Noting that the United Nations Board of Auditors is independent and is solely responsible for the conduct of its audits.

Comment by the Administration. Action to reclassify some accounts has been taken and reflected in the 2004 financial statements.

It is worth noting that even the organizations that do not have an institutionalized audit committee have set up mechanisms to review internal and external audit matters as well as progress made in implementing audit recommendations.

Audit process

External auditors

Internal auditors

Scope of audit

Audit opinion

Resident auditors

(i) Accounts Unit

External audit

Internal audit

Audit costs

Opening of bank accounts

Accounts payable

(ii) Accounts Division

Reconciliation of bank accounts

Management had initiated a review to simplify the sometimes complex internal business processes, and had proposed to assess managers' track records on audit findings when considering reassignments.

Auditor General of the Republic of South Africa