The Auditor thus appointed will serve for a period of six years, beginning on 1 July 2006.

The Auditor shall be appointed for a period of four years and its appointment may be renewed.

That was the reason for its proposal that the External Auditor should be appointed for a term of two years, normally to be extended only once.

Lead Auditor

Lead Auditor

External Auditor

(a) Recalls the provisions of Article XI of the financial regulations of UNIDO and regulation 11.1, which states An External Auditor, who shall be Auditor General (or an officer exercising an equivalent function) of a Member State, shall be appointed in the manner and for the period decided by the Conference'

(e) Decides that the External Auditor be appointed for a period of two years, to be normally extended twice, contingent upon a satisfactory assessment by Member States of the work performed.

EXTERNAL AUDITOR (item 4)

Appointment of an External Auditor

v. Appointment of an External Auditor

C. Function of the Auditor General

APPOINTMENT OF AN EXTERNAL AUDITOR (item 12)

MS. EVA LINDSTRÖM, AUDITOR GENERAL OF SWEDEN

4 (e) Appointment of an External Auditor

E. Appointment of the auditor for 2004

The interim report of the External Auditor will include the Director General's observations on the implementation of the recommendations of the External Auditor.

It was the firm belief of the Philippines that a nominee of high international standing and with substantial and credible experience in the field of auditing international multilateral organizations should be appointed as the Organization's next External Auditor.

Auditor General of the Republic of South Africa

Auditor General of the Republic of South Africa

Appointment of Auditor for financial years 2005 2008

Auditor General of the Republic of South Africa

Candidatures for the appointment of an External Auditor.

c Excludes the Office of the Resident Auditor.

Reports of the auditor for 2002 and 2003

Implementation of the recommendations of the External Auditor.

Candidatures for the appointment of an External Auditor

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 Auditor General of the Republic of South Africa

Implementation of the recommendations of the External Auditor (item 4)

Item 7. Implementation of the recommendations of the External Auditor

Item 4. Implementation of the recommendations of the External Auditor

Appointment of an auditor for the financial period 2005 2006.

The proposal for a six year term for the External Auditor was based on recommendations contained in the Principles for best audit arrangements for international institutions to the effect that External Auditors should be appointed for periods between four and eight years.

The interim report of the External Auditor will include the Director General's observations on the implementation of the recommendations of the External Auditor. Thus, the Board will have before it

(e) APPOINTMENT OF AN EXTERNAL AUDITOR (continued) (GC.11 CRP.6)

Interim report of the External Auditor on the accounts of the

The Tribunal may make proposals regarding the appointment of the Auditor.

Documents IDB.30 5 PBC.21 5 and Add.1 provided information on the candidatures for the position of External Auditor, including the nomination of Ms. Eva Lindström, Auditor General of Sweden.

Interim report of the External Auditor (IDB.30 8 PBC.21 8)

Interim report of the External Auditor (IDB.30 8 PBC.21 8)

Interim report of the External Auditor (PBC.21 8 IDB.30 8)

(Signed) Shauket A. Fakie Auditor General of the Republic of South Africa

(b) Financial statements submitted to the Auditor for all accounts shall include

A principles based approach to auditor independence (as set out in the EC's 2002 recommendation on auditor independence and in the IFAC Code of Ethics) is valued for its adaptability to new practices.