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.

This relationship can be developed by including internal audit observations and recognizing their contributions in the external audit report when appropriate.

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

Disclosures should cover the selection and approval process for the external auditor, any prescriptive requirements for audit partner rotation, the duration of the current auditor (e.g. whether the same auditor has been engaged for more than five years and whether there is a rotation of audit partners), who governs the relationship with the auditor, whether auditors do any non audit work and what percentage of the total fees paid to the auditor involves non audit work.

The process for the appointment of and interaction with external auditors should be disclosed.

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

6. The Board continued its practice of reporting the results of specific audits to the Administration through management letters containing detailed observations and recommendations.

Continuing oversight through audits.

(a) Reviewing the strategy and workplans of internal and, in some organizations, external audit and discussing the scope and content of their audits so as to identify audit priorities and suggesting potential audit areas within which to address the organization's risks

5. The Board continued its practice of reporting the results of specific audits in management letters containing detailed observations and recommendations to the Administration.

Medical Insurance Plan

9. Takes note also of paragraph 63 of the annual report, relating to the audit of the non governmental organization accreditation process

Management audit of the United Nations recruitment process

The Supreme Audit Institution should ensure that it has access to internal auditor reports, related working papers and audit resolution information.

There have been five internal audit examinations of the administrative functions of the Fund but, with the exception of the overall annual audit carried out by the Board of Auditors, it appears that no internal audit examination of the investment operations of the Fund has taken place, at least since 1983.

The Board considered the findings and recommendations of the Board of Auditors, and its observations thereon are set out below.

The Executive Board adopted decision 2005 19 on internal audit and oversight for UNDP, UNFPA and UNOPS.

The Auditor General should also conduct an audit of the annual accounts of major revenue generating parastatals every year.

That pattern is advantageous in view of the interrelationship between the Board apos s agenda and the items for consideration by the Panel.

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

(a) Reviewing the Mogadishu Plan by consultation and incorporating its operational elements into an inclusive national plan for the relocation of the Transitional Federal Government.

Finally, a response is provided to recommendations by the Board of Auditors relevant to the budget process. A. Commission on Narcotic Drugs

The latter missions were previously covered from New York through occasional visits once every three years.

The regularity audit will be taken forward through a pre final audit in the last quarter of 2005 and a final audit after the closure of the financial period.

Exhibit VI

the related report of the Advisory Committee on Administrative and Budgetary QuestionsA 51 423 Add.2.

(c) A system of accounting and auditing standards and related oversight

The internal review showed that initial plans were overly optimistic.

A key issue remains the fact that OIOS has had to rely on its auditee for the funding of the audit.

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

These statements should be supported by audit certificates provided by the external auditors of the agencies concerned.

The Executive Board adopted decision 2005 19 UNDP, UNFPA and UNOPS report on internal audit and oversight.

It was agreed that the audits would be financed by the member State volunteering to be audited.11 Once adopted by the IMO Assembly, the code for the implementation of mandatory IMO instruments will serve as the audit standard under the Voluntary Audit Scheme and will also provide guidance on the implementation of the mandatory IMO instruments.

Adopted decision 2005 19 of 23 June 2005 on internal audit and oversight for UNDP, UNFPA and UNOPS.

Article 69 An enterprise shall accept the financial supervision of the competent authority of finance and the financial auditing of the auditing organ of the state under law.

(v) Strategic plan 2006 2009 consolidated financial report report of the external auditor on the upgrade of the WFP information network and global system follow up on the recommendations of the external auditor business process review progress report on implementation update to the WFP management plan for 2004 2005 (WFP EB.A 2005 6(A,B,C,D,E) 2 WFP EB.A 2005 5 A 2)

(17 23 September 2005, 26 28 September 2005)

Energy audits of buildings

The Board of Auditors concluded that procedures were in place to avoid overpayments and duplicate payments.

(b) Notes the Principles for best audit arrangements for international institutions' established by the International Organization of Supreme Audit Institutions

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.

2. The accounts of the implementing partners relating to UNHCR funds should be regularly audited by independent audit authorities.

4. Expresses its deep concern at the findings of the Board of Auditors as contained in its report on the updated special audit 5

Internal control has long been of interest to the members of the International Organization of Supreme Audit Institutions (INTOSAI).

The Supply Section monitored fuel operations at all peacekeeping missions.