India’s CAG takes over as chairman of UN Panel of External Auditors

From ANI

New Delhi, Dec 8(ANI): Comptroller and Auditor General of India (CAG) Vinod Rai has been elected as the Chairman of the Panel of External Auditors of the United Nations, the Specialized Agencies and the International Atomic Energy Agency.

Rai succeeds Norbert Hauser, Vice-President, Federal Court of Auditors, Germany.

Like any other organization, the accounts and management operations of the United Nations, the Specialised Agencies (WHO, WFP, WIPO etc.) and the International Atomic Energy Agency are required to be audited and reported on periodically by independent external auditors.

The General Assembly in 1959 established the Panel of External Auditors, comprising the individual external auditors of the UN system, who are also heads of supreme audit institutions.

Panel members share experiences and methodologies on an on-going basis to ensure, to the extent possible, uniformity of external audit practices throughout the UN system.

The findings and recommendations of panel members are taken seriously and the status of recommendations is closely monitored for timely and effective implementation.

In this way, panel members contribute significantly to the fulfillment of the Charter of the United Nations.

Much of the panel's work is undertaken by the Technical Group which is mandated to research and review specific topics of interest to the panel.

The Technical Group reports to the panel at its regular meetings on the topics reviewed and its recommendations.

Jagbans Singh, Director General, in the office of the CAG of India, has been elected as the Chairman of the Technical Group of the Panel.


Copyright Asian News International/DailyIndia.com