Examples of using Financial reporting process in English and their translations into Russian
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Financial reporting process.
Audit of the financial reporting process.
Those charged with governance are responsible for overseeing the Group's financial reporting process.
Audit of the financial reporting process carried over from 2009.
OIOS found duplication of tasks in the financial reporting process.
Moreover, the Board found that the overall financial reporting process and monitoring of compliance with the prescribed accounting framework were not sufficiently documented.
Those charged with governance are responsible for overseeing the Group's financial reporting process.
OIOS found that the financial reporting process was not formalized and that duties and responsibilities for financial accounting and reporting were not clearly delineated.
The Audit Committee of the Board of Directors is responsible for overseeing the Group's financial reporting process.
The experience ofUNESCO shows that in order to ensure robust financial reporting processes and credible financial information, the continuing strengthening of internal controls is essential.
OIOS concluded that in order for the Fund to achieve overall improvement in its financial reporting process, it needed to.
Audit and Risk Council Committee(ARCC)- monitors the financial reporting process and internal control and risk management systems in furtherance of the Association's objectives and financial operations.
One delegate asked whether the rolesof audit committees and internal audit were significant in the financial reporting process.
The committee performs this function by monitoring Caterpillar's financial reporting process and internal controls and by assessing the audit efforts of the auditors and the internal auditing department.
The Supervisory Board also supervises the structure andmanagement of systems of internal controls as well as the financial reporting process.
Review and implement strategies aimed at further enhancing the financial reporting process, and continue to closely monitor the timely implementation of the IPAS and Murex projects, especially regarding accounting functions, to ensure a full and successful realization of benefits in the implementation of IPSAS;
The Board considers these as opportunities for the Fund to improve and automate the financial reporting process to achieve further benefits of IPSAS implementation.
In particular, the Board sought to enhance its coverage of risk areas by reviewing the results of the audits of the investment management/compliance with internal policy and the financial reporting process.
The roll-out plan indicates that for the first year of IPSAS adoption for peacekeeping operations and the United Nations, the financial reporting process will not be supported by a fully integrated enterprise resource planning system Umoja.
Particularly, the Board sought to enhance its coverage of risk areas by reviewing the results of the audits of the investment management/compliance with internal policy and the financial reporting process.
The Board recommends that the Fund review andimplement strategies aimed at further enhancing the financial reporting process, and continue to closely monitor the timely implementation of the IPAS and Murex projects, particularly regarding accounting functions, to ensure a full and successful realization of benefits in the implementation of IPSAS.
Effective oversight of those performing audit services is critical to the reliability and integrity of the financial reporting process.
In addition to high-quality financial reporting standards, sound financial reporting infrastructure implies effective corporate governance practices,strong internal controls over the financial reporting process, high-quality auditing standards and practices, and effective enforcement or oversight mechanisms.
Secondly, the duties and responsibilities of the Audit Committee are described in the UBS charter which states that theCommittee's primary responsibility is to monitor and review the organization and efficiency of internal control procedures and the financial reporting process.
During the present audit,the Board continued to keep this under review especially the year-end financial reporting process, and noted the following weaknesses.
While acknowledging the Fund's progress and achievements in implementing IPSAS,the Board considers that the following matters indicate opportunities for the Fund to improve and automate the financial reporting process.
Furthermore, one additional post requested in the 2014-2015 budget proposal will allow for the further delineation andsegregation of responsibilities in the financial reporting process, as recommended by the external and internal auditors.
The Board endorsed the revised accountability statement presented to it by the CEO and requested that the definition of the critical role of the CFO reflect the dual reporting lines between the CEO and the Representative of the Secretary-General,as well as the responsibility for the overall financial reporting process and the implementation of IPSAS;
The Fund has since obtained the approval of the Pension Board andthe General Assembly to apply the current financial regulations"mutatis mutandis" to its accounting and financial reporting process in a manner that allows it to implement IPSAS.
The education process needs to be addressed, as this equips preparers andauditors with the tools they need to understand and participate in the financial reporting process using IFRS and ISAs.