Article 75 In case any enterprise violates the related laws and administrative regulations on finance and taxation when conducting financial activities, it shall be punished under the Regulation concerning Penalties and Sanctions Against Illegal Fiscal Acts (Order No.427 of the State Council) and the related laws and administrative regulations on taxation.

These payments were made contrary to United Nations financial rule 110.5, which requires that

Any staff member who contravenes the Financial Regulations and Rules or corresponding administrative instructions is liable for the consequences of such contravention.

The instructions also define the conditions for implementing financial rule 101.2, under which any staff member who violates the Financial Regulations and Rules of the United Nations (ST SGB 2003 7) or corresponding administrative instructions, may be held personally accountable and financially liable for his or her actions.

(1) studying out enterprise internal financial management rules, financial strategies, financial plans, preparing financial budgets

(1) examining and approving the internal financial management system, financial strategy, financial plan and financial budget of the enterprise

The Code also outlawed levirate, provided for the sharing of domestic chores between spouses and stipulated that women and girls could inherit property.

The report included the finding that the Chief Finance Officer violated the financial rules and personally interfered in the procurement process.

(iv) Financial regulations and rules

The change to net budgeting violated not only the statutes of the Joint Inspection Unit and of the International Civil Service Commission but also the Financial Regulations and Rules of the United Nations and the provisions of paragraph 21 of General Assembly resolution 51 221 B.

In violation of financial rule 110.16, which stipulates that contracts for purchase of goods and services shall be entered into only by officials authorized for the purpose, the Chief Procurement Officer procured such services, which involved a financial commitment well above his authorized limit of 70,000.

(1) supervising the implementation of the rules and regulations concerning enterprise finance, directing the enterprises to set up and perfect the internal financial systems in accordance with the financial relations

Loss of and defaults on investments, which will have longer term financial consequences

Any official who takes any action contrary to these financial rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action.

Article 4 The Ministry of Finance shall be responsible for instituting the rules and regulations on enterprise finance.

DM OPPBA Office of Programme Planning, Budget and Accounts

(1) Where any head of compliance do not report to the securities regulatory agency of the State Council or relevant self discipline organizations about illegal or irregular acts

UNEP serves as the Treasurer of the Fund.

B. Limits of the conventional financial reporting model

quot 21. Also requests the Secretary General to ensure that every official of the United Nations is responsible to the Secretary General for the regularity of the actions taken by him or her in the course of his or her official duties and that any official who takes any action contrary to the Financial Rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action quot ,

21. Also requests the Secretary General to ensure that every official of the United Nations is responsible to the Secretary General for the regularity of the actions taken by him or her in the course of his or her official duties and that any official who takes any action contrary to the Financial Rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action

Notes to financial statements shall be prepared according to the attached Provisions on Preparing the Notes to Financial Statements of Fund Management Companies.

Rule 8 of the proposed financial rules provides that

The financial management of an enterprise shall consist such financial behaviors as raising funds rationally, operating assets effectively, controlling the cost, regulating the income distribution and reorganization and liquidation, and strengthening financial supervision and financial information management in accordance with the formulated financial strategy.

(2) the internal financial management system violates the related laws obviously, administrative regulations and the general rules and regulations on enterprise finance, and rejecting to make corrections as required by the competent authority of finance.

However, frequent instances were found where the contrary was permitted, which entails serious risks for the organisation, including legal and financial liability.

27. There were violations of financial regulations and rules, weaknesses in management and a breakdown of internal controls in regard to the activities of the Trust Fund for Electoral Assistance.

B. Limits of the conventional financial reporting model 65 68

Another suggestion made was that the phrase breach of an obligation in paragraph (b) could be replaced with breach of a provision .

68. The conventional model of financial reporting minimizes the role given to non financial data.

(u) Ex gratia payments made in accordance with financial rule 109.13 are reported in the notes to the financial statements of the respective fund pursuant to financial regulation 9.3.

(b) That the financial transactions reflected in the statements have been in accordance with these Regulations and the Financial Rules, the budgetary provisions and other applicable directives

This ratio also compares unfavourably with the financial plan forecast of 45 per cent.

Additionally, UNEP serves as the Treasurer of the Fund.

This provision shall not apply to offences of a fiscal nature.

quot 11. Further requests the Secretary General to ensure that every official of the United Nations is responsible to the Secretary General for the regularity of the actions taken by him or her in the course of his or her official duties and that any official who takes any action contrary to the Financial Rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action quot .

11. Further requests the Secretary General to ensure that every official of the United Nations is responsible to the Secretary General for the regularity of the actions taken by him or her in the course of his or her official duties and that any official who takes any action contrary to the Financial Rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action

10. Also requests the Secretary General to ensure that every official of the United Nations is responsible to the Secretary General for the regularity of the actions taken by him or her in the course of his or her official duties and that any official who takes any action contrary to the Financial Rules, or to the administrative instructions issued in connection therewith, may be held personally responsible and financially liable for the consequences of such action

2 The risk control indicators comply with the relevant stipulations and the financial status and compliance status are sound

Serious breaches of obligations under peremptory norms of general international law

This long list of infractions and disciplinary measures.

Applicability and authority

Almost all corporate governance codes describe the basic responsibility of the board for reviewing financial statements, approving them, and then submitting them to shareholders.

(a) Examination of national standards and regulations for environmental financial accounting

Once the responsible person for regulatory compliance finds behavior of law and regulation violation, he should report to agency prescribed in company regulation, and also report to the securities regulatory agency under the State Council or concerning self discipline organization according to the regulation.