Listen, you boa constrictor.

She was a tiny girl, but she really held her own on the baritone sax. Nonetheless, I couldn't help but imagine the thing wrapping itself around her and devouring her like a boa constrictor.

Boa Constructor

Boa Vista

As at September 2005, BOA has validated the implementation status of 13 of the recommendations (16 per cent).

Was BoA tripped up by bad luck or sloppiness? Or did it and other financial institutions behave with intent to defraud investors?

The remaining items are being validated progressively by BOA as a lead in to their audit of UNDP financial statements for the current biennium.

CHICAGO Hardly a day goes by without a settlement between a bank and a US government agency or regulator. The latest one is between Bank of America and the government backed mortgage underwriter Fannie Mae 3.55 billion in cash 6.75 billion in repurchases of bad mortgages that Countrywide, later acquired by BoA, sold to Fannie and an additional 1.3 billion in cash to resolve Fannie s servicing issues with BoA.

In line with the BOA recommendation, UNDP is currently exploring technical solutions to switching from the current Excel based country office cash position worksheets system to leverage features available in Atlas (paragraph 267).

The paragraph references in the following paragraphs are from the original BOA audit document (A 59 5 Add.1), the UNDP financial report and audited financial statements for the biennium ended 31 December 2003 and report of the board of auditors.

The Executive Board may wish to note the progress made by UNDP in the implementation of the recommendations of BOA for the biennium ended 31 December 2003 and the specific management efforts to improve transparency and promote managerial accountability and ownership in dealing with audit recommendations.

The present document contains an updated account of the steps taken systematically and progressively by UNDP to address the recommendations raised by BOA as documented in Report of the Board of Auditors on the financial report and audited financial statements of UNDP for the biennium ended 31 December 2003 (A 59 5 Add.1).

The present document contains an account of the steps taken by UNDP to address the recommendations made by the United Nations Board of Auditors (BOA) and documented in the report of the Board of Auditors, in connection with the financial report and audited financial statements of UNDP for the 2002 2003 biennium (A 59 5 Add.1).