IV. Enhancing prudential oversight of financial markets

(b) Programme budgets, management, financial control and administrative oversight

(b) Programme budgets, management, financial control and administrative oversight

Annual financial statements are prepared by UNIDO and audited by its Internal Oversight Group.

In many cases official oversight applies only to organisations that have received public financial assistance.

Participant in a seminar on financial oversight and accountability in the United Nations system (Princeton, 1998).

The draft law establishes under what circumstances a financial transaction is subject to special oversight (in other words, is considered a suspicious financial transaction ).

The UNHCR Oversight Committee was established in 1997 to assist the High Commissioner in overseeing the financial and operational management of the agency, to monitor the independence and effectiveness of the internal oversight functions and to ensure that oversight findings and recommendations were adequately addressed.

The draft law includes provisions obliging persons performing a financial transaction to register any transaction subject to special oversight on a special form within the working day upon learning that special oversight applies.

The second cluster includes the overhaul of oversight and audit arrangements, including the creation of an ethics office and strengthened financial disclosure regulations (which have been largely finalized) and the development of new oversight arrangements, including the establishment of a new oversight committee reporting to the General Assembly.

Act 95 011 on regulation of the banking profession, by which the Central Bank exercises oversight over banks and financial institutions.

In a first phase, the Unit prepared an abbreviated review focusing on headquarters review, budget and financial issues, personnel practices and oversight activities.

Oversight Committee

Internal oversight

Oversight lacunae

Internal oversight

Internal oversight

Internal oversight

Internal oversight

Internal oversight

Oversight Unit

Oversight Issues

The way in which financial reports and reports of oversight bodies are considered and acted upon represents an essential part of the accountability process.

More specifically, a financial transaction, whether completed or not, is subject to special oversight if one or more of the following conditions is met

The financial management and oversight capacity of UNEP will be enhanced on the basis of the expected recommendations of the management review of UNEP.

Management and oversight

Governance and oversight

Accountability and oversight

(a) Oversight lacunae

Oversight is stringent.

28. Internal oversight

(v) Oversight issues

Accountability and oversight

VIII. OVERSIGHT ISSUES

Oh, an oversight.

Enhancing governance oversight role structure, working methods and practices on handling oversight reports

These oversight mechanisms were referred to as either audit committees or oversight committees.

We agree that the Office of Internal Oversight Services should provide internal oversight services for small United Nations agencies with insufficient current oversight capacity.

(b) Establishment of a high level oversight coordinating mechanism in the Organization to strengthen monitoring of oversight reports and timely implementation of oversight recommendations.

The Department of Financial Monitoring is authorized to take steps to prevent the legalization of income obtained by illegal means, using methods including the collection and processing of data on financial transactions subject to special oversight.

B. Findings on departmental oversight in reports of the Office of Internal Oversight Services

The Office of Internal Oversight Services issued 719 recommendations at the mission level during the 2004 05 financial year, compared to 100 recommendations during 2003 04.

Protection oversight and support

Oversight, evaluation and monitoring

Enhancing oversight and accountability