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.

Internal Audit Divisions

P.O. Box 500 A 1400 Vienna, Austria

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

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

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.

External audit

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

And they calculated for the top 3,000 corporations, what are the externalities?

External auditors

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

Includes travel of Field Administration and Logistics Division officials and internal auditors.

External audit costs.

In addition, UNDP contracted a consulting firm, through competitive bidding, to review control issues in the internal control framework.

The internal control systems and financial records are subject to reviews by the Office of the Comptroller General and the External Auditor during their respective audits.

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

UNHCR properly requires its implementing partners to supply audit certificates delivered by external auditing firms on their local operations funded by it.

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.

The UNHCR Audit Service works in close cooperation with UNHCR's Inspector General's Office and liaises with the United Nations Board of Auditors to ensure coordination between external and internal audit.

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.

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).

This new procedure made the hiring of external audit firms more transparent, the appointments having been made directly during previous exercises.

3 Type, amount and internal approving procedure of external investment and guarantee of the securities firm

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.

Technical competency in understanding financial statements and reporting, generally accepted accounting principles, audit and investigation

Hamburg, 16 May 2004

Regarding the external audit programme for 2003, a new selection procedure was introduced for the appointment of external audit offices authorized to determine the financial position of the decentralized entities and organs of the federal public administration, based on pre selection by invitation to three firms for each entity to be audited.

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.

The Internal Audit Division I (IAD I), based in New York, consists of the Peacekeeping Audit Service, with resident auditors in 12 peacekeeping and political missions worldwide, the UNCC Internal Audit Division in Geneva, the Headquarters Section, the Field Section and the United Nations Joint Staff Pension Fund Audit Unit.

As to the investments area, a qualified outside firm has been engaged after an extensive bidding process, to carry out, under the supervision of OIOS, an operational audit of the Fund apos s investment decision making process and activities the operational audit by that firm began in June 1998.

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

Interrogators from Titan Corporation, all there, and they're getting no information about the insurgency.

H. Independence of external auditors

116. The Division s Electronic Data Processing Audit Section reviewed information technology activities at Headquarters, the regional commissions and at offices away from Headquarters.

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

In addition, the Internal Audit Divisions (I and II) are improving communications policies, audit and administrative procedures, human and financial resources management and training.

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

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

(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)

Based on the biannual estimated cost for external audit.

The external auditors opine on the fair presentation of UNOPS financial statements.

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.

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

Table I.1 Total cost of external audits (United States dollars)

Furthermore please advise us of your availability.