The International Congress of Supreme Audit Institutions has recognised this in its formulation of the principles for best audit arrangements for international institutions.

(b) Notes the Principles for best audit arrangements for international institutions' established by the International Organization of Supreme Audit Institutions

Chairman, Philippine Commission on Audit

UNICEF is reviewing alternative audit options with the objective of allocating audit resources to strategically important business units.

Note The members of the Board of Auditors have signed only the original English version of the report.

(Signed) Guillermo N. Carague

Chairman, Philippine Commission on Audit

In accordance with the Financial Regulations of the United Nations, which were applicable mutatis mutandis to the Tribunal, arrangements were made for the accounts of the Tribunal to be audited by an internationally recognized auditing firm.

a Estimated price does not include a provision for interim audits.

The Board plans to review this application in its next audit.

We conducted our audit in accordance with the common auditing standards of the Panel of External Auditors of the United Nations, the specialized agencies and the International Atomic Energy Agency and in conformity with international standards on auditing.

Considering that the Tribunal has no internal audit service, the request for quotation included a provision for an interim audit every two years, i.e., in 2005 and 2007.

Provisional terms of reference for the Independent Audit Advisory Committee to the United Nations

IAMB also received a briefing from the Iraq Board of Supreme Audit.

(i) To benchmark OIOS against similar audit and oversight bodies

The cooperative programme should also include a systematic annual financial auditing component.

Expenditures for subprojects for which audit certificates were not mandatory and those for which the partners did not provide audit certificates amounted to 150 million in 2003.

Expenditures for subprojects for which audit certificates were not mandatory and others for which the partners did not provide audit certificates amounted to 150 million in 2003.

These oversight mechanisms were referred to as either audit committees or oversight committees.

Another speaker queried whether the endorsement of audit guidelines by division directors compromised the independence of the audit process and investigations.

At the time of the present audit, it was expected to be issued at the end of 2004.

The Independent Audit Advisory Committee serves in an expert advisory capacity to the General Assembly.

(Signed) Guillermo Carague Chairman, Philippine Commission on Audit and Chairman, United Nations Board of Auditors

Comment by the Administration. The secretariat of the Fund has submitted to the Standing Committee a proposal for the establishment of an audit committee.

Audit objections, to these or any other transactions, arising during the examination of the accounts shall be communicated immediately to the Registrar.

(Signed) Guillermo N. Carague Chairman, Philippine Commission on Audit and Chairman, United Nations Board of Auditors

The Director explained that audit guidelines were developed in cooperation with headquarters divisions to ensure that auditors performed the correct and relevant tests based on existing procedures.

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.

Its fraudulent accounts were certified by Arthur Andersen.

Implementation is pending approval of the two additional information technology auditor posts requested by the Office, and the preparation of an audit strategy for information technology.

The remaining items are being validated progressively by BOA as a lead in to their audit of UNDP financial statements for the current biennium.

Urges UNOPS to remain committed to its audit response and achieve a clean audit for the biennium 2004 2005

Urges UNOPS to remain committed to its audit response and achieve a clean audit for the biennium 2004 2005 and

UNFPA should also evaluate the possibility of using the comprehensive audit and recommendation database system to monitor the status of implementation of audit recommendations in respect of nationally executed projects.

The amount of 1,657,900 covers the estimated requirements for external audit ( 462,400) as requested by the Board of Auditors, and for internal audit ( 1,195,500) as requested by the Office of Internal Oversight Services.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

Altogether, only 17 of the 72 governmental partners concerned had submitted audit certificates.

We conducted our audit in accordance with the common auditing standards of the Panel of External Auditors of the United Nations, the specialized agencies and the International Atomic Energy Agency and in conformity with international standards on auditing.

The Registry evaluated the above quotations, taking into account technical ability to perform the audit in accordance with generally accepted common auditing standard, the interest of the Tribunal and the best value for money.

3. Notes that the Standing Committee of the United Nations Joint Staff Pension Board will consider, in 2005, the desirability of and possible terms of reference for an audit committee of the Board

The Board will monitor the impact of the directive on the financial status of UNOPS during the final audit visit to be conducted for the 2004 2005 biennium.

A provision of 600,000 is made for auditing, investigation and oversight services provided by OIOS, as well as the reimbursement of costs incurred by the Board of Auditors for auditing the Fund of UNDCP.

(b) Conference services, administration and oversight (regular budget extrabudgetary) produce up to 400 audit reports for programme managers during the biennium review compliance by departments and offices with audit recommendations.

In addition, the high quality of data can be assured by closely monitoring information, strengthening controls and allowing in depth auditing

In paragraph 126, the Board recommended that UNCC and the Office of Internal Oversight Services conduct a joint risk assessment so that a proper audit plan could be developed.