Audit opinion, financial statements and schedules

Financial data and reports for audit purposes

A. Financial statements and audit . 80 89 20

The audit certificate accompanying each audited financial statement typically certifies the procedures undertaken in relation to the audit and authenticates the financial statements.

A proper financial audit is needed to ensure transparency.

A financial audit conducted by the European Commission sponsored audit firm Ernst Young in September October 2004 revealed the following

Audit report and financial aspects of the Joint Inspection Unit report

The regularity audit will be taken forward through a pre final audit in the last quarter of 2005 and a final audit after the closure of the financial period.

The report is divided in two parts, one covering the audit of financial issues and the other the audit of management issues.

We conducted our audit in accordance with German audit regulations and generally accepted standards for the audit of the financial statements promulgated by the Institut der Wirtschaftsprüfer in Deutschland (IDW).

The quasi fiscal cocoa agencies require a comprehensive, independent, credible, international financial audit.

EC 48 SC CRP.30 Audit Follow up Financial Management and Programme Management

In addition, the Internal Audit Divisions (I and II) are improving communications policies, audit and administrative procedures, human and financial resources management and training.

The report of auditors for the statutory audit of the 1994 and 1995 financial statements and the audit certificate of the auditors were approved.

In addition to the audit of the accounts and financial transactions, the Board carried out reviews under financial regulation 12.5.

The area involves great financial exposure and is thus a traditional subject of audit.

Technical competency in understanding financial statements and reporting, generally accepted accounting principles, audit and investigation

Our responsibility is to express an opinion on these financial statements based on our audit.

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

OIOS generally includes a review of partners' activities (financial and performance) in the audit scope.

Our responsibility is to express an opinion on the financial statements based on our audit.

Our responsibility is to express an opinion on these financial statements based on our audit.

Our responsibility is to express an opinion on these financial statements based on our audit.

Our responsibility is to express an opinion on these financial statements based on our audit.

II. AUDIT OPINION, FINANCIAL STATEMENTS AND SCHEDULES FOR THE BIENNIUM ENDED 31 DECEMBER 1997 . 87

Our responsibility is to express an opinion on these financial statements based on our audit.

2. UNDP agreed to review the audit strategy and possible changes required to financial regulation 17.2, concerning the external audit of national execution projects. The audit strategy suggested by the Board of Auditors for the 1996 audit exercise has been implemented as scheduled. The Office of Audit and Performance Review, and the Bureau for Finance and Administrative Services undertook a review of financial regulation 17.2, and concluded that no changes were required.

In addition to the audit of the accounts and financial transactions, the Board carried out reviews of peacekeeping operations under financial regulation 7.5.

Auditors' independence is a prerequisite for the reliability and credibility of the audit of financial statements.

We conducted our audit of the annual financial statements in accordance with section 317 of the German Commercial Code and the German generally accepted standards for the audit of the financial statements promulgated by the Institut der Wirtschaftsprüfer (IDW).

(e) Preparing financial statements for United Nations Headquarters and donors and other special financial reports as required and serving as the focal point for audit and other financial investigations

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.

In the future, UNDP will archive the audit reports, applying the standard procedure for all financial records.

The Committee notes that the financial statements for the next audit were submitted by 30 September 1998.

The report is divided into two parts, covering the audit of financial issues and management issues, respectively.

For Financial Statements to be complete and meaningful, they must be audited and an Audit Opinion issued.

These financial statements are the responsibility of the High Commissioner. Our responsibility is to express an opinion on these financial statements based on our audit.

1. Accepts the financial reports and audited financial statements and the reports and audit opinions of the Board of Auditors for the above mentioned organizations

1. Accepts the financial reports and audited financial statements and the reports and audit opinions of the Board of Auditors for the above mentioned organizations

These financial statements are the responsibility of the High Commissioner. Our responsibility is to express an opinion on these financial statements based on our audit.

In accordance with article XII of the Financial Regulations, we have also issued a long form report on our audit of the Office s financial statements.

In accordance with article XII of the Financial Regulations, we have also issued a long form report on our audit of the Institute s financial statements.

In accordance with article XII of the Financial Regulations, we have also issued a long form report on our audit of the Fund s financial statements.

In accordance with article XII of the Financial Regulations, we have also issued a long form report on our audit of the Programme s financial statements.

Furthermore, in light of UNIDO's limited financial resources for external audit costs, the Philippines Commission of Audit was ready to modify its proposed audit fee, but without in any way compromising the quality of services Mr. Carague and his team intended to render.