PracticeAuditAuditors save UN £14m in efficiency drive

Auditors save UN £14m in efficiency drive

The United Nations' in-house audit office has claimed that it saved the UN more than $26m (£14m) in the past year, and made other recommendations on how to further eliminate waste and improve efficiency.

Link: IFAC to work with UN on corporate governance

In its annual report to the UN general assembly, the Office of Internal Oversight Services stated that more than half of the 541 recommendations it made during 2003/04 had been implemented or are being worked upon. Some savings have come from field audits unmasking fraud, mismanagement or poor financial or administrative planning.

In one case, said the report, a security officer with the international criminal tribunal for Rwanda defrauded the UN of $130,000 by submitting fraudulent claims for education grants.

In another, an honorary representative of the UN High Commission for Refugees was found to be organising the buying and reselling, at a profit, of international driver licences. The representative’s contract was not renewed.

The report highlighted the 153 audits conducted in 2003/04. The resulting recommendations called for $16.4m of savings and recoveries, but the office said an extra $10.2m was actually saved when some recommendations from previous years were finally implemented.

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

5d Martin Herron, MHA MacIntyre Hudson
Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

1w Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

2w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

2m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter