External audit

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

In my view the organisation is well run, a view that is endorsed by a number of independent reviews and accolades on the progress made by the organisation.

This provision covers the cost of external audit for the Mission.

Provision is made under this heading for external audit services.

With regard to auditing and supervision, the Ministry exercises supervision over associations by means of field visits and the examination of books, records and entries, which according to the law and decrees must be in order oversight of associations must be based on reports of auditors and the Department of Accounting

This provision covers the prorated monthly cost of external audit of the Mission.

All publicly owned enterprises are subject to external audit and accounts are published.

(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 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.

UNHCR planned to invite a representative of the Board of Auditors to attend the review of external audit reports.

The Ministry of Foreign Affairs shall immediately be informed of any such additions to frozen accounts under this provision.

The present paper focuses on the external oversight mechanisms and, in particular, on the role of the Board of Auditors.

The provision under audit costs reflected a reduction in the costs of both external and internal audit, reflecting the resource levels recommended by the Board of Auditors and the Office of Internal Oversight Services.

External accounts clearly matter, because they reflect the balance between domestic saving and investment.

The setting or compliance with international internal or external audit standards

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.

The Director of External Audit of the Philippines and Chairman of the Audit Operations Committee of the Board of Auditors, Mr. Sabiniano Cabatuan, introduced the reports of the Board of Auditors (A 60 5 Add.5 and A 60 113).

Now GDP growth is slowing, investment is falling, the budget deficit is widening, and the external accounts are weakening.

The work of the internal auditors is a significant factor in determining the nature, timing and extent of external audit procedures.

With the exception of Central America, rising commodity prices have improved the external accounts and fiscal positions of Latin American countries.

Among other issues, it intends to comment on the scope of the functions of the Board of Auditors the resources available for external audit the use of the reports of the Board of Auditors as a vehicle for holding the Organization accountable to Member States and the arrangements for implementing audit recommendations.

The reduction in the estimated costs of external audit reflects a reduced provision by the Board of Auditors ( 27,000).

Thus far, the General Audit Office has submitted to Chairman Bryant the audit reports of the foreign travel account and the Liberian National Police.

The usual rules and regulations concerning accounting and auditing applicable to the use of external funds will be followed in respect of the resources made available by the facility.

1. Mr. Martin Sinclair, Chairman, Audit Operations Committee and Director of External Audit, United Kingdom of Great Britain and Northern Ireland.

Two areas were identified as requiring immediate action (a) the problem of the external debt and (b) the financial support required to reactivate the Central American Common Market and bridge temporary imbalances in countries apos external accounts.

In the course of considering the audit observations and recommendations of the OIOS, the secretariat noted a technical error in respect of another claim filed by the Kuwaiti Ministry of Defense.

Two areas had originally been identified for immediate action the problem of the external debt, and financial requirements needed to reactivate the Central American Common Market and to bridge temporary imbalances in the countries apos external accounts.

Audit findings and recommendations of the Board of Auditors

Accounts

After emerging from the crisis, indicators show a sustained growth in the economy, and a surplus in the fiscal external accounts, together with a recovery in national reserves.

42. The Board of Auditors has reviewed its budget for 1994 1995 for the external audit of UNPROFOR in connection with the above resolution.

15. In the transition to a market economy, certain imports needed to be accelerated, and there could be temporary imbalances in current accounts.

China is clearly pleased to see that the United States is now also placing cool calculation of its national interests at the forefront of its foreign policy.

(b) The report of the Board of Auditors with respect to the above accounts and

These statements have been examined and include the audit opinion of the Board of Auditors.

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