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.

The internal auditing department shall inform the compliance department of the auditing situation and conclusion upon completion of the internal auditing, while the latter may, in light of the compliance risk monitoring situation, take the initiative to propose suggestions to the former.

78. Management can also use its internal audit unit to help monitor the effectiveness of internal controls.

74. Management often establishes an internal audit unit as part of its internal control structure.

The recommendations of the United Nations Board of Auditors and the internal auditor are reviewed by the Management.

The office of the Director also coordinates the reviews of the internal and external audit functions and ensures the implementation of audit recommendations.

Internal audit is conducted by a dedicated UNHCR Audit Service, which forms part of Internal Audit Division II that is headquartered at Geneva.

Internal audit

71. The Supreme Auditor should encourage and support management s establishment of internal controls.

The audits of Treasury and the relevant specialist areas have been included in the 2005 audit plan of the Internal Audit Section of the Office of Audit and Performance Reviews.

(ii) Audits facilitation of internal and external audits and follow up on the implementation of audit recommendations

Internal auditors

It has created 200 jobs, 20 per cent of them for women.

Internal audit ratings

Internal Audit Divisions

A definite mechanism for the cooperation and information communication between the compliance department and the internal auditing department shall be established by an insurance company.

Internal audit function

The Management provided the United Nations Board of Auditors and the internal auditor with full and free access to all accounting and financial records

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.

Programme Component B.2.2 Internal Audit

Table 1

Table 1 Internal audit ratings

Supports the continued strengthening and reorganization of the internal audit and oversight services of UNDP, UNFPA and UNOPS

Internal services prepare audit plans for discussion with internal and external auditors (2 in 1997) prepare missions of internal and external auditors (4 in 1997) and follow up and facilitate the implementation of audit recommendations (3 in 1997).

With weak internal controls and limited audit coverage, many things could go wrong without detection by either management or the Supreme Audit Institution.

(j) Consider with the United Nations Board of Auditors and the Under Secretary General for Internal Oversight Services the internal audit programme and any significant findings, including fraud, illegal acts, deficiencies in internal control or similar issues and review management's responsiveness to the auditors' findings and recommendations

UNHCR's internal audit plan is developed in close consultation with management, the Oversight Committee, the Inspector General's Office and the United Nations Board of Auditors.

In paragraph 290 of the report, UNDP agreed with the Board's recommendation that it (a) perform adequate internal audit reviews based on the outcome of a treasury risk assessment and bearing in mind specialist areas (b) involve internal audit in assessing the overall adequacy of the information technology and risk management systems of the UNDP Treasury and (c) require internal audit to report regularly to the Investment Committee on matters relating to Treasury.

To ensure an effective internal audit mechanism, the Coordination Council has adopted a Charter for Internal Audit.

Subprogramme 1

Internal audit and oversight

(a) Self assessed monitoring of programme and organizational performance according to the UNCDF SRF, reported to the Executive Board through the UNCDF results oriented annual report (ROAR)

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.

The compliance department and compliance posts shall be independent from the business department, the financial department and the internal auditing department.

B. Review of arrangements for internal audits of the

Item 13 Internal audit and oversight

(c) Audit costs, which cover both internal and external audit costs in both the administrative and investment areas.

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.

Management can demonstrate its support for good internal controls by emphasizing the value of independent and objective internal auditing in identifying areas for improving performance quality and by responding to information developed through internal audits.

Several United Nations internal audit services have introduced such ratings to provide an overview of their reports.

90. These audits resulted in 64 audit reports addressed to senior management.

(j) Development in the energy sector of an approach based on internalization of external costs

E. Report on internal audit activities in 2004

The UNHCR Internal Audit Service Office of Internal Oversight Services conducted a review of the UNHCR implementing partners' audit certification of subprojects for the year 2004.

The internal auditor continually reviews the accounting and control systems.