Examples of using Draft financial statements in English and their translations into Russian
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Official
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Colloquial
Draft financial statements(opening balances) as of 1 January 2010.
Most entities have prepared model draft financial statements and shared them with the Board.
The Board's initial examination of the unliquidated obligations of UNOPS indicated that the amounts disclosed in the draft financial statements were overstated.
Model draft financial statements have been prepared and shared with the Board.
Further, the Committee's terms of reference include the review of draft financial statements of UNDP prior to their finalization.
Model draft financial statements and plans for sharing them with the Board;
The process will continue to encompass data reconciliation, preparation of comprehensive supporting schedules anda detailed management review of draft financial statements.
Also, the Board's review of the draft financial statements provided indicators of significant misstatements and errors.
The Tribunal monitors allits deferred charges and discloses them in a footnote to its draft financial statements sent to United Nations Headquarters.
Furthermore, the Board's review of the draft financial statements provided indicators of significant misstatements and errors see A/61/182, para. 12.
The External Audit understands that successful completion of external audit andsubmission of report by 20 April would be contingent upon production and submission of the draft financial statements by 25 February.
UNOPS management needs to review the draft financial statements and show evidence of this review to confirm its satisfaction with their quality before presenting them for audit.
The Fund initially disclosed the rating agencies it may use, however, the Board noted that the Fund did not declare the main rating agency it is using in its draft financial statements.
Senior management took clear responsibility for the draft financial statements and presented high-quality drafts for audit, which were supported by a clear audit trail.
The Board of Auditors acknowledged that UNHCR was well prepared for the final audit of its2011 financial statements and that high quality draft financial statements for audit, supported by a clear audit trail, were presented.
It agreed to review the draft financial statements, but will undertake the reconciliation of records, on a trial basis, at the time of the preparation of the next set of financial statements. .
The Fund explained that afterreceiving year-end contribution data, reconciled information is submitted to the consulting actuary along with the"Final Draft" financial statements for the completion of an actuarial valuation on a biennium basis.
The draft financial statements reflected a total amount of $462.49 million in institutional budget expenditure, which was just one component of the management and administrative expenditures.
Any delay in cleansing the accounting records and producing draft financial statements will have an adverse impact on the tight audit and reporting timetable for peacekeeping operations.
In response to a number of observations raised by the Board during its final audit regarding mistakes or omissions in areas such as treatment of employee benefits property, plant and equipment,UNFPA made the proper adjustments to its draft financial statements, strengthening their accuracy and comprehensiveness.
Model draft financial statements have not yet been prepared and shared with the Board, and there are no plans for a dry run using real accounting data under the current implementation strategy.
The Board recommends UNHCR establish a detailed process for the year-end preparation of its financial statements encompassing the cleansing of accounting records, the preparation of comprehensive supporting schedules, and detailed andevidence-based management review of the draft financial statements prior to submission to the auditors.
Figures in the first draft Financial Statements, provided to the External Auditor as scheduled on 15 March 2012, were generally accurate except for an omission of Euro10,710.2 thousand under the"Transfers payable-Due to the Member States.
In order to complete a meaningful audit of the financial statements for the first year of the biennium and for the finalization of the audit report by 20 April following the year to which the financial statements pertain,the management would be required to produce draft financial statements not later than 25 February following the year to which the financial statements pertain.
The implementation team is also aware of the importance of having draft financial statements populated with actual data for assessment by the Board, but is not confident that it has the resources to prepare full scope"dry run" accounts.
In the draft financial statements for 2013, the Fund's credit quality of the debt portfolio was disclosed, but there was a lack of credit risk information for other debts assets under short-term investment totalling $47.48 million mainly sovereign T-bills.
The Board's review of the accounts and financial statements for the year ended 31 December 2012 revealed that part of the total amount of $1.09 billion in contingent assets disclosed in the draft financial statements was related to enforceable grant agreements, which met the criteria of definition of assets under IPSAS and should be recognized as assets as well as deferred revenue in the financial statements. .
According to the draft financial statements of UNICEF for the year 2012(see statement V. Statement of comparison of the budget to actual amounts), expenditures under the institutional budget amounted to $462.49 million, accounting for 12 per cent of total expenditure of $3.87 billion.
The Board noted, however, that the $462.49 million in the draft financial statements did not provide a full picture of the management and administrative expenditures incurred by UNICEF in 2012 as at least a total amount of $95.45 million was excluded.
Figures in the first draft Financial Statements, provided to the External Auditor as scheduled on 15 March 2013, were generally accurate except that the financial impact of a member state leaving UNIDO was not reflected in the Note 16.1- Assessed Contributions to the Financial Statements. .