UN Audit-Internal Audit

As per Regulation 5.15 of UN Financial Rules and Regulations the office of Internal Oversight
Services shall conduct independent internal audits in accordance with regulation 5.8 (4) and in
conformity with generally accepted auditing standards. Internal auditors shall review, evaluate and
report on the use of financial resources and on the effectiveness, adequacy and application of
financial control systems, procedures and other relevant internal controls.Internal audit shall also
include the following elements:
a) Compliance of financial transactions with General Assembly resolutions, approved
programmes and other legislative mandates, with regulations and rules and related administrative
instructions and with the approved recommendations of external oversight bodies
b) Economy, Efficiency and Effectiveness of financial, physical and human resources
management and utilisation and of programme delivery, including by examining the structure of
the Organisation and its responsiveness to the requirements of programmes and legislative
mandates and by conducting management audits.
The Regulation 5.8 which is highly relevant for internal audit are as follows​:
The Secretary General shall
a) establish detailed financial rules and procedures in order to ensure effective and efficient
financial management and exercise of economy
b) cause all payments to be made on the basis of supporting vouchers and other
documents which ensure that the services or goods have been received and that payments have
not previously been made.
c) designate the officers who may receive the moneys, incur obligations and make
payments on behalf of the organisation.
d) maintain internal financial controls which shall provide for an effective current
examination and/ or review of financial transactions in order to ensure:
i) the regularity of the receipt, custody and disposal of all funds and other financial
resources of the organisation.
ii) the conformity of obligations and expenditures with the appropriations or other
financial provisions voted by the General Assembly or with the purposes and rules relating to trust
funds and special accounts.
iii) the effective, efficient and economic use of resources of the organisation.