Decision ID: 002835

In April 2002 the 1971 Fund Administrative Council agreed on the composition and mandate of the Audit Body, emphasising that the Audit Body should neither duplicate nor control the work of the External Auditor, who should continue to carry out his work with total independence, that the Audit Body should be advisory and that it should not duplicate the work of the Secretariat or engage in the day-to-day management of the Organisation. It was decided that the Audit Body should adopt its own Rules of Procedure and seek the Council’s endorsement of them. It was also decided that it should be made clear at the time of the election of the members of the first Audit Body, which three members should hold office for three years only, and that the costs of travel and subsistence of the members of the Audit Body would be paid on the basis of the 1992 Fund Staff Rules. It was agreed that paragraph 4 of the “Composition and Mandate of the IOPC Funds’ Audit Body” made it sufficiently clear that Member States should not give instructions to the Members of the Body. It was noted that the 1992 Fund Assembly had at its 6th (April 2002) extraordinary session taken decisions corresponding to those of the 1971 Fund Administrative Council.