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

The Board reiterates its recommendation that UNHCR consider disclosing more items in its financial report in respect of good governance principles applied to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The Board reiterates its recommendation that UNHCR consider disclosing more items in its financial report in respect of good governance principles applied to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The Board recommends that UNHCR review the accounting for advances to UNDP.

In paragraph 33 of its report, the Board recommended that UNICEF disclose items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

Framework for the Preparation and Presentation of Financial Statements. International Accounting Standards Board.

In paragraph 43 of its report, the Board recommended that ITC consider the disclosure of items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 29 of its report, the Board recommended that UNRWA consider the disclosure of items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 33, UNFPA agreed with the recommendation of the Board of Auditors to (a) consider the disclosure of information in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

His delegation regarded the bodies comprising the tripartite oversight mechanism, namely, the Board of Auditors, the Office of Internal Oversight Services and JIU, as complementary.

In paragraph 54 of the report of the Board, UNDP agreed with the Board's recommendation that it consider the disclosure of items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 78, the Board recommended that UNICEF harmonize the accounting treatment of private sector fund raising proceeds.

(f) Stressed the importance of promoting environmental accounting in the users' community and taking on board users' needs

In paragraph 279, UNFPA agreed with the recommendation of the Board of Auditors to (a) expedite the filling of vacant posts in the Division for Oversight Services and (b) improve its audit coverage on the reliability of the accounting and other data leading to the production of financial statements.

In paragraph 46, the Board recommended that the Administration correct accounting errors and reduce the risk of such errors.

22. Also stresses the importance of oversight with respect to the development and implementation of the capital master plan, and requests the Board of Auditors and all other relevant oversight bodies to initiate immediate oversight activities and to report annually thereon to the General Assembly

UNU has solicited the advice of the Board of Auditors and the Office of Internal Oversight Services on this issue.

In paragraph 114 of its report, the Board recommended that UNICEF harmonize the accounting methods for fund raising income of the National Committees.

Such invitees may include representatives of the United Nations Board of Auditors and the Under Secretary General for Internal Oversight Services.

These structures may include committees or groups to which the board has assigned duties regarding the oversight of executive remuneration, audit matters, appointments to the board, and the evaluation of management performance.

In paragraph 37, the Board recommended that UNODC correctly reflect income not on the basis of the size of the contributions but in line with its accounting policy to make it consistent with the United Nations system accounting standards.

UNODC wishes to reiterate, as already conveyed to the Board, that UNODC believes that it correctly reflected income in line with its accounting policy, which is consistent with the United Nations system accounting standards. This is evidenced by the fact that the Board itself has not objected to the consistent application of this policy in the past.

These would include making recommendations on the resource requirements of the various oversight bodies assessment of the efforts of the Office of Internal Oversight Services, the Board of Auditors and JIU to strengthen the Organization's internal controls and the identification of possible gaps in the United Nations oversight coverage.

In paragraph 332, the Board recommended that UNICEF achieve greater interchangeability among Deputy Executive Directors, in particular regarding the oversight of Divisions.

The Board was also proposing to initiate steps to establish, on a system wide basis, a standardized accounting and budgeting framework for security related expenditure.

In paragraph 58 of its report, the Board encouraged the Pension Fund to strengthen controls of the accounting function and the reporting of investment activity.

The recommendation has not been implemented because the Pension Board, at its fifty second session in July 2004, did not accept accrual accounting for contributions.

(4) important accounting policies and accounting estimates

The Board assessed the extent to which the UNHCR financial statements for the year ended 31 December 2004 conformed to the United Nations system accounting standards.

Taking steps to prevent the legalization of income and the financing of terrorism, establishing and operating an automated system for accounting for, processing and analysing information on financial transactions subject to special oversight

The auditors of the Office of Internal Oversight Services have agreed to elaborate criteria, in accordance with international accounting standards, to facilitate the review of audit reports by the secretariat of the Fund.

Those improvements included possible reconstitution of the Board to include donor representation or, alternatively, replacing the Board with a consultative committee, thereby ensuring that the Institute's primary oversight and fund raising functions would be effectively carried out.

The ad hoc consultative group agreed that International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board provide a widely recognized benchmark in this respect.

As in previous years, a tripartite meeting was held with the Office of Internal Oversight Services and the Board of Auditors of the United Nations.

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.

35. Stresses the importance of oversight with respect to the implementation of the capital master plan, and requests the Board of Auditors and all other relevant oversight bodies to continue to report to the General Assembly annually on the capital master plan

14. Reaffirms the importance of oversight with respect to the implementation of the capital master plan, and requests the Board of Auditors and all other relevant oversight bodies to continue to report to the General Assembly annually on the capital master plan

In paragraph 32 of its report, the Board recommended that UNITAR account for income in compliance with the accounting policies set in the notes to its financial statements.

The IMF s Executive Board, which consists exclusively of representatives of member countries, currently runs the Fund s daily business. The Board thus does not perform oversight functions, but rather serves essentially as an extended Management Board, which delegates the execution of its decisions to the Managing Director and the staff.

We request the Secretary General to commission an evaluation of the entire internal control environment of the United Nations, including the roles and responsibilities of management, internal oversight, the external Board of Auditors and the Joint Inspection Unit, in order to determine how to strengthen the Office of Internal Oversight Services and the entire oversight system.

At the United Nations, there are three main bodies that provide this function, namely, the Board of Auditors, the Office of Internal Oversight Services and JIU.

The General Accounting Office of the Republic, the Office of the Attorney General, the Office of the Human Rights Ombudsman, the Superintendency of Banks and the Superintendency of Pensions are oversight bodies vested with constitutional authority.

(iv) Define the functions required within each committee, board and management and inter agency body and their respective roles and responsibilities within the governance and oversight machinery

(g) Formulation of administrative responses and monitoring of follow up to the reports of various oversight bodies, such as the Board of Auditors, the Joint Inspection Unit

In paragraph 66, the Board recommended that external auditors of nationally executed expenditures refer explicitly to United Nations accounting standards to ensure that audited expenditures include disbursements and unliquidated obligations.