He said that overall compliance with audit recommendations was very high.

EC 48 SC CRP.41 Implementing Partners Compliance with Audit Certification

A comprehensive audit approach, which integrates financial, compliance and value added aspects, is being followed.

(c) Examine the single audit principle so as to ensure full compliance therewith

They encouraged UNFPA and UNDP to establish criteria to rate audit compliance of country offices objectively.

The UNFPA Audit Services Branch will communicate these guidelines to country offices and monitor compliance with the guidelines.

(b) Conference services, administration and oversight (regular budget extrabudgetary) produce up to 400 audit reports for programme managers during the biennium review compliance by departments and offices with audit recommendations.

Article 23 The securities firm should set up responsible person for regulatory compliance to audit, supervise or check legal and regulatory compliance of management behavior of securities firm.

With regard to the regularity audit, detailed risk assessments have been completed to ensure that in performing the financial and compliance audit work, our resources will be appropriately focused.

The guideline will be communicated by the Audit Services Branch to the country offices and will be monitored for compliance.

Compliance by country offices with national execution and non governmental organization audit requirements is reflected in the annual performance evaluation of UNFPA Representatives.

The non submission of audit certificates by implementing partners required under UNHCR agreements has also been a persistent compliance problem.

As an initial step in improving compliance, UNHCR has made audit certification mandatory for all programme activities undertaken by implementing partners.

The audit noted cases of non compliance with United Nations regulations and rules, unreconciled financial reports and delays in project implementation due to inadequate resources and procedural difficulties.

Both the New York and Geneva based Audit Divisions plan to undertake internal quality assessments in preparation for external reviews by professional audit institutes, which will validate the results of the assessment to determine the level of compliance with recommended standards and practices.

Other key initiatives included strengthening the roles of the MROC (paragraphs 212 and 229) the planned training of managers in corporate risk management building risk management principles into the programme management system audit planning and outcome reporting the implementation of an audit report tracking system to better monitor compliance with audit recommendations and reasons for delay, if any (paragraph 246) and the progressive rollout of audit exception reports (paragraph 193).

Assists OAPR in identifying systemic trends and emerging corporate issues based on the results of the country office audit Assists the respective business divisions and content experts in understanding the root causes of compliance issues as reported by the internal and external audit team.

Crosswalk between audit observation initiatives and audit observation

23. The audit identified five cases of non compliance with the provision prohibiting the appointment of retirees within three months of their retirement date.

This integral module completes the previously mentioned electronic trading system and allows the Investment Management Service and its Compliance Section to audit and set up more than 1,000 transaction rules.

programmes. (a) Number of audit observations, notes memoranda of the Office of Programme Planning, Budget and Accounts on non compliance with financial rules and regulations, policies and procedures and budgetary policies.

Compliance by country offices with nationally executed expenditure and the audit requirements of non governmental organizations has also been reflected in the annual performance evaluation of UNFPA representatives.

Audit procedures and results of the additional audit scope

(3) hearing the compliance issues the compliance chief and the compliance department reports and

The main objective of the audit is to determine whether the resources provided for strengthening security and safety were utilized as intended and managed efficiently and effectively in compliance with established procedures.

UNHCR action See Implementing Partners Compliance with Audit Certification (EC 48 SC CRP.41), presented to the thirteenth meeting of the Standing Committee (September October 1998).

Chapter III Compliance Chief and Compliance Department

(c) Audit costs, which cover both internal and external audit costs.

The results of the assessment will be validated by an external reviewer to determine the level of compliance with recommended standards and practices and provide recommendations for enhancing the UNHCR Audit Service.

(h) Expresses support for the proposals of UNHCR to improve the audit certification of implementing partners, and asks to be kept informed both on the progress in their implementation and compliance therewith

Audit and Inspection

Accounts and audit

(a) x number of responses to audit observations, notes to memoranda of the Office of Programme Planning, Budget and Accounts on non compliance with financial rules and regulations, policies and procedures and budgetary policies

C. Audit reports (departments audit subject)

Article 3 Compliance management means that insurance companies shall prevent, identify, evaluate, report and handle compliance risks by taking measures such as establishing the compliance department or the compliance posts, setting down and carrying out compliance policies, conducting compliance monitoring and providing compliance trainings, etc.

The Audit Services Branch also developed a checklist of standard requirements to assist country offices in monitoring compliance with the requirements and communicated it to country offices on 10 March 2005.

To ensure compliance with the International Standards for the Professional Practice of Internal Auditing, an internal quality assessment of the UNHCR Audit Service is being conducted in 2005.

Article 20 The compliance department of an insurance company shall be managed separately from the internal auditing department and be under the independent audit conducted on a regular basis by the latter.

Annual report and audit

(c) Audit and Inspection

Internal audit and oversight

Oversight and audit issues

A strong internal audit unit could reduce the audit work required of the Supreme Audit Institution and prevent needless duplication of work.

(5) examining the compliance report and other compliance documents presented by the compliance department, and signing them as approval and

(3) situation of the compliance chief and the compliance department