Examples of IAAC in a sentence
However, in the light of the diffusion on the Internet of some internal audit reports that were released, IAAC in its 2009 annual report recommended reviewing the way reports are disseminated to Member States, without prejudice to the principle of transparent disclosure.
In this connection, a difference was noted between the authority of IAAC (over OIOS and the funds and programmes covered by OIOS such as the United Nations Conference on Trade and Development (UNCTAD), UNEP, the United Nations Office on Drugs and Crime (UNODC), UNHCR and the Office of the United Nations High Commissioner for Human Rights) and the BoA authority (over the United Nations and other funds and programmes such as UNDP, UNFPA, UNICEF and UNOPS).
In its 2009/2010 report, IAAC has, inter alia, proposed some amendments to its terms of reference (A/65/329, annex II).
In the United Nations, the BoA was concerned about the low rate of recommendations implementation, and the Management Committee had promised concerted efforts towards emphasizing the need for and monitoring implementation, as noted by the IAAC (A/64/288, paras.
The Inspectors therefore are of the opinion that the IAAC terms of reference should be reviewed to expand its advisory role explicitly over the work of the BoA and the other normal and very important functions of an audit/oversight committee.
The IAAC has criticized this planning approach and called for considering “the effect of controls that the management has put in place in the assessment of residual risk” (A/64/288, para.
The proposal however does not call for the expansion of the role of IAAC to include monitoring the performance of the external auditors.
Conversely, the terms of reference of the audit/oversight committees of the ILO, UNESCO and WIPO did not undertake any formal review of the performance of the external auditors.103 Neither does the IAAC at the United Nations.
In this regard, the IAAC considers that OIOS can add value to its oversight work by conducting more audits of cross-cutting and systemic issues.
The IAAC investigation concerns possible breaches of Mongolia’s anti-corruption laws, while the SIA investigation concerns possible breaches of Mongolia’s money laundering and taxation laws.