XX Accounting Firm has issued an auditing report with clean opinions for this Company.

2 The financial reports of the last fiscal year and the last fiscal term have both received unqualified audit report from the certified accountants

In case the accounting firm conducting the auditing work issues an auditing report with explanatory statements, reserved opinions, inexpressible opinions or negative opinions, the following statement shall be added to the important notes

UNICEF appreciated that audits were used to identify areas where improvements could be made, and would continue to aim for unqualified audit reports.

In paragraph 114 of the report, UNDP agreed with the Board's reiterated recommendation that it (a) quantify the financial effect of qualified audit opinions on nationally executed expenditure and (b) evaluate such qualifications against the action plans for reasonableness.

Our audit has not led to any reservations.

where a qualified audit report, a disclaimer or a audit report with adverse opinion is received, special verification by the certified accountants shall be needed to confirm that the major impact of the events related to the qualified opinion, the adverse opinion or the disclaimer have been eliminated and will be eliminated through the transaction

Article 86 In case the accounting firm issues an auditing report with explanatory statement, reserved opinions, inexpressible opinions or negative opinions on the financial statements of the Company, the Company shall make disclosure of the summary of the contents of auditing opinions and a summary explanation made by the board of directors of the Company on the related issues.

The report discusses the reservations in several places but does not state whether the Government is considering their withdrawal.

The report discusses the reservation in several places but does not state whether the Government is considering their withdrawal.

1. Accepts the financial reports and audited financial statements and the reports and audit opinions of the Board of Auditors for the above mentioned organizations

Delegations noted that UNFPA had gone from a qualified opinion to an unqualified opinion by the Board of Auditors on its financial statements, signalling improvements in financial management.

Article 7 Certified public accountants shall submit written reports thereon to the CSRC within four months upon the end of each accounting year to give detailed reasons for issuing such auditing reports and the impacts of the related issues on the financial status and business performance of the Company once issuing auditing reports with explanatory notes, reserved opinions, inexpressible opinions or negative opinions.

Article 51 Where, for the financial statement of the Company, the accounting firm issues an auditing report with explanatory statements, reserved opinions, inexpressible opinions or negative opinions, the Company shall give detailed explanations on related issues and make disclosure of the dissents, if any, of independent directors or the board of supervisors.

1. Accepts the financial reports and audited financial statements and the reports and audit opinions of the Board of Auditors for the above mentioned organizations

XX Accounting Firm has issued an auditing report with explanatory statements (reserved opinions, inexpressible opinions or negative opinions), the board of directors and the board of supervisors of the Company also have presented detailed descriptions about the related item which the investors shall pay special attention to.

Special focus will be given to the few country offices that are systematically receiving consistently qualified audit opinions.

In paragraph 117 of its report, the Board reiterated its recommendation that UNFPA quantify the financial effect of audit qualifications made in respect of nationally executed expenditure and continue to evaluate such qualifications against action plans for reasonableness.

In 1999, the Government had expressed its willingness to review those reservations however, the second report did not provide any information on subsequent developments or on the reasons for maintaining or the obstacles to withdrawing those reservations.

Our delegation has some reservations on some of the ideas contained in the Secretary General's report.

5. Endorses the observations and recommendations of the Board of Auditors contained in its report on the updated special audit

5. Notes with concern the qualified audit opinion on the financial statements of the United Nations High Commissioner for Refugees, and requests the audited organizations to cooperate fully with the Board of Auditors and to submit the requested information and documentation in a comprehensive and timely manner so that this does not lead in future to similar qualified opinions.

His delegation was concerned about the Board apos s qualified opinion regarding the accounts of four implementing and executing agencies and shared the Advisory Committee apos s view on the issue (A 51 533, para. 23).

The financial statements, which are included in the Interim Report of the External Auditor, Financial Performance Report and Programme Performance Report for the Biennium 2004 2005, have not been audited and no audit opinion is expressed thereon.

It considered some of those reservations to be incompatible with the Convention's object and purpose and urged States parties to keep them under review, reduce their scope and establish timetables for withdrawing them.

As stated in the recent report on internal audit and oversight activities of the UNDP Administrator (DP 1998 26), the UNDP Office of Audit and Performance Review has over the years been collaborating closely with the Board of Auditors towards the establishment of measures that would allow removal of the qualification of the national execution audited expenditure from the reports of the United Nations Board of Auditors.

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

The Comptroller stated that UNICEF continued to receive an unqualified audit opinion from the Board of Auditors, and that in the Fifth Committee's review of the reports concerning the funds and programmes, no issues had been raised in relation to UNICEF.

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

The interim report of the External Auditor will include the Director General's observations on the implementation of the recommendations of the External Auditor. Thus, the Board will have before it

Takes note of the observations and endorses the recommendations contained in the report of the Board of Auditors

1. Accepts the financial reports and audited financial statements and the audit opinions and reports of the Board of Auditors regarding the aforementioned organizations, subject to the provisions of the present resolution

1. Accepts the financial reports and audited financial statements and the reports and audit opinions of the Board of Auditors regarding the above mentioned organizations, subject to the provisions of the present resolution

and the related comments and observations in the reports of the Office of Internal Oversight ServicesSee A 51 432, annex.

As directed by the President of the Tribunal and set out in his letter dated 8 April 2004, we have audited the following aspects of operational procedures in addition to our audit of the financial statements as of 31 December 2003

Given the urgent nature of the case, the Rapporteur agreed to undertake the preliminary mission, despite his reservations.

1. The Board recommends that UNDP retain for at least two bienniums all audit reports received on national execution expenditure to enable the Board to complete its audit of those reports that had not been received in the previous biennium (para. 20).

In its two previous reports (A 58 5 Add.5 and A 59 5 Add.5), the Board pointed out that the rules for partner audit certification were inadequate to provide assurance about the proper use of funds, because UNHCR did not centrally monitor qualified opinions or disclaimers of opinion issued by external auditors on the financial statements of subprojects.

In its two previous reports (A 58 5 Add.5 and A 59 5 Add.5), the Board pointed out that the rules for partner audit certification were inadequate to provide assurance about the proper use of funds, because UNHCR did not centrally monitor qualified opinions or disclaimers of opinion issued by external auditors on the financial statements of subprojects.

Crosswalk between audit observation initiatives and audit observation

The Board s observations on all matters contained in the report were communicated to the Administration, which has confirmed the facts on which the Board s observations and conclusions were based and provided explanations and answers to its queries.

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

Mr. AJMAL (Comptroller General), referring to the report of the External Auditor, noted that, after extensive audits at UNIDO headquarters and in the field offices, the External Auditor had expressed an unqualified opinion on UNIDO's financial statements for the last biennium, and had also stated that adequate controls were in place.

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

Thus, the Committee will have before it