Although those assets have been identified, they are out of the reach of the enforcement agencies.

Hamburg, 16 May 2004

During the interviews of the auditors and in follow up communications, all of the audited financial statements were presented to the auditing firms to confirm their authenticity.

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

Furthermore please advise us of your availability.

Auditors

1 P 4b 1 GS (OL)

Article 60 The Company shall make disclosure of the full text of the auditing report, the audited financial statements and the notes thereto.

One auditing firm maintained that it had computer diskettes that were salvaged before its office was looted during Iraq's invasion and occupation of Kuwait.

It may be noted that the following Auditors have been previously selected to conduct the audit of the financial statements of the Tribunal

The Panel found that there were no matches between the client lists and the claimants in this instalment who provided pre invasion accounts purportedly prepared by these auditors.

One D 1 post would be redeployed from Internal Audit in New York to Internal Audit in Geneva to strengthen audit operations handled from the Geneva office.

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

In several instances, the auditing firms asserted that the financial statements were authentic and contemporaneous.

Internal Audit Divisions

For audited financial information, the Company shall clarify in the annual report the responsibility therefor of the accounting firm it hired.

Article 20 The compliance department of an insurance company shall be managed separately from the internal auditing department and be under the independent audit conducted on a regular basis by the latter.

(4) verifying the annual and semi annual compliance reports and submitting them to the auditing committee of the board of directors

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

See the part of Other Important Issues in this Report for detailed explanation.

One group of claimants submitted financial statements from an auditing firm that, according to the Kuwait Ministry of Commerce and Industry, was not a licensed auditor in Kuwait and could not be located despite appeals in newspaper advertisements.

Claimants who provided accounts from this auditor were unable to provide contact details.

Upon request, the auditors were able to obtain a copy of the firm s most recent financial statements.

Audit report on the finances of the International Seabed Authority for the period 2003 2004 prepared by Deloitte and Touche.

Article 75 An accounting firm can read and copy client information concerned with audit issues or other documents and materials of a securities firm, and can acquire relevant data materials from the computer information management system of the securities firm.

Governing the raising of the limit of liability defined in the General Terms of Engagement for Wirtschaftsprüfer and Wirtschaftsprüfungsgesellschaften, as amended 1 January 2001

Article 7 The auditing committee under the board of directors of an insurance company shall discharge compliance duties as follows

EITI sought regular publication and auditing of payments from the sector (State owned enterprises, local companies and transnational companies).

The family of the Kuwaiti shareholder separately provided to the secretariat audited financial statements for the company for the years ended 1988 and 1989, which had been audited by a different auditing firm and were materially different to those provided by the individual claimant.

(a) Audit and Management Consulting Division

Article 8 The accounting firm that undertakes the auditing work of the annual financial statement of the Company shall test and evaluate the internal control of the Company and produce an internal control evaluation report.

(3) identifying and evaluating the compliance risks of the company for at least once every year as well as verifying the compliance risk management plan of the next year

In order to gather additional information about the preparation of audited financial statements for claimants in this instalment, the Panel directed the secretariat to undertake a technical mission to Kuwait in December 2004 to meet with some of the auditing firms involved in the preparation of the accounts, with the Kuwait Ministry of Commerce and Industry, which licenses auditing firms, and with the Kuwait Association of Accountants and Auditors.

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

North and Central American Affairs Office, Adviser, 1979 82

Statement of corporate environmental policies description of environmental audit procedures and coverage

A P 4 post currently in the Office of the Under Secretary General is proposed to be transferred to the Internal Audit Division to strengthen the audit capacity in New York (ibid., para.

The auditor's claim file stated that its audit activities did not resume until August 1991, more than four months after the date of the allegedly contemporaneous audit certificate.

Two hundred preliminary auditors were trained, and experimental certification audits were carried out to assist companies in setting up their own EMS.

The Kuwaiti court determined that the company had not made a claim for the partnership's interests before the Commission, except to the extent that the company's 51 per cent of the profits was included in contracting revenue in the company's audited financial statements.

The Board also noted that the computer programmes, which were operational in various divisions, had no audit trails built into them.

LISCR has not had an independent audit since 2000, the year it was created.

Internal auditors shall in general perform all the functions attributed by law to inspectors in companies where this type of oversight is practised.

FDA has not officially responded to a preliminary audit submitted in July 2004 conducted by the Liberia accountant firm Voscon.

Participating companies with an EMS in place can receive trial audits free of charge.