(b) Revision of the System of National Accounts

System of National Accounts 1993 update

IMPLEMENTATION OF THE 1993 SYSTEM OF NATIONAL ACCOUNTS (1993 SNA)

4. Implementation of the 1993 System of National Accounts (1993 SNA).

4. Implementation of the 1993 System of National Accounts (1993 SNA)

1. Implementation and other follow up of the 1993 SNA.

ISIC aggregations for SNA data reporting

Progress report on the updating of the 1993 SNA

In 2005, the UNFPA Audit Services Branch carried out an audit of the data transfer from IMIS to Atlas.

I. IMPLEMENTATION OF THE 1993 SYSTEM OF NATIONAL ACCOUNTS

(1993 SNA) AND PLANS FOR FURTHER ESSENTIAL RESEARCH

3. Implementation of the 1993 System of National Accounts (1993 SNA) and plans for further essential research.

In addition, issues arising out of the revision of the 1993 SNA have been considered in making the CPC a better tool within the SNA framework, such as the consistent introduction of the concept of originals and copies in the classification.

The Department apos s methodological contributions are reflected in the 1993 System of National Accounts.

A quality assessment framework, based on quality frameworks for other statistical standards, such as the 1993 SNA and the Balance of Payments Manual, fifth edition, could be developed for SEEA.

The report describes progress on work completed in the updating of the System of National Accounts, 1993 (1993 SNA).

The Commission may wish to express its views on the status of the updating of the 1993 SNA.

It was stated that a modern regime on secured transactions could simply not ignore bank accounts.

A milestone was passed with the finalization of the 1993 System of National Accounts.

External audit welcomes this initiative to modernise the procurement system, which should carry significant benefits.

The framework of the 1993 System of National Accounts should be seen as the umbrella framework ensuring the overall conceptual coherence of economic statistics.

The Committee recalled that concern had been expressed, during the review of previous scales of assessments, about the comparability of data prepared under the 1993 SNA and data still prepared under the 1968 SNA.

AMCD continues to find problems affecting the success of the IMIS project in the course of its audits.

147. At the 30th meeting, on 12 July, the Council adopted draft resolution I, entitled quot 1993 System of National Accounts quot , recommended by the Statistical Commission (E 1993 26, para. 1).

The report of the meeting, available on the SNA update website, provides detailed descriptions of the new recommendations.

The implementation of the work programme on the update of the 1993 SNA has continued in accordance with the timetable adopted for the completion of the 1993 SNA, Rev.1, by 2008.

It does this through an elaborate and elegant system of checks and balances, stimulators and inhibitors of angiogenesis, such that, when we need a brief burst of blood vessels, the body can do this by releasing stimulators, proteins called angiogenic factors, that act as natural fertilizer, and stimulate new blood vessels to sprout.

This is considered an important initiative for increasing the user friendliness of the SNA, which should have a positive effect on the future implementation of the 1993 SNA, Rev.1.

81. With the implementation of the Integrated Management Information System (IMIS), greater monitoring and audit capabilities will be available through electronic audit trails than ever before.

The President of the Court of Audit would bring to UNIDO expertise specifically suited to the Organization's needs, since the Court's audit system is fully consistent with international rules and accepted auditing principles and makes full use of best practices.

In the third quarter of 2005, the UNFPA Audit Services Branch performed an audit of the conversion of data from the integrated management information system (IMIS) to Atlas.

The Statistical Commission will be requested to review the full set of recommendations for the SNA update in March 2007 and the final draft of the 1993 SNA, Rev.1, in March 2008.

The Statistical Commission is requested to comment on the overall progress in the updating of the System of National Accounts, 1993 (1993 SNA).

The Committee noted that, under the terminology of the 1993 system of national accounts (SNA), GNP is now known as gross national income (GNI).

Audit findings and recommendations of the Board of Auditors

Accounts

While the implications and anticipated resolutions of the SNA issues with respect to the ISIC have been considered, additional issues may arise during the SNA update that may no longer be reflected in the ISIC if the complete alignment with NACE at all levels of the classification is to be maintained.

It is planned to extend these to reflect the needs stemming from the revision of SNA 1993 and to include recommendations on measurement of service activities (the agenda and papers of the expert group meeting can be found at http unstats.un.org unsd industry meetings eg2005 ac105 2.asp).

The Commission is requested to comment on the overall progress in the updating of the System of National Accounts, 1993 (1993 SNA).

b See System of National Accounts, 1993 (United Nations publication, Sales No. E.94.XVII.4), pp. 315 and 545.

Comment by the Administration. An independent company commissioned by the Office of Audit and Performance Review has been reviewing controls and risks following the implementation of Atlas.

UNDP would organize informal consultations on the status of Atlas audit mechanisms as needed.

A new personal advances and recoveries system developed to monitor the staff personal accounts will be implemented in 1994.

The Office is finalizing phase I of Issue Track, a recommendations monitoring system that is part of the electronic working papers project aimed at automating and enhancing the audit processes.

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