VI.C: Resource Management
Address resource management priorities Other Information:
125. UNDP has identified key resource management priorities to address concerns raised by internal and external audits as
well as to better position the organization to handle growing financial responsibilities. The priorities comprise three matters
of specific concern raised by the United Nations Board of Auditors for the 2004-2005 biennium, namely: (a) Risk management
and unsatisfactory audit reports associated with national execution (NEX); (b) Regular performance of bank reconciliation;
and (c) Key internal controls weaknesses. 126. The other five areas that require closer management attention include: (a)
Proper recording and accounting of assets; (b) Rectifying weaknesses in Atlas; (c) Further promoting transparent and competitive
procurement; (d) Strengthening project design and cost recovery; (e) Consistent monitoring and evaluation. An initial report
was presented to the Board at the 2007 first regular session on the measures that management is taking to address these and
other audit concerns. UNDP will continue to provide the Board with timely and up-to-date information on the progress of these
measures. 127. UNDP will participate actively in the United Nations-wide implementation of IPSAS by 2010, further improving
transparency throughout the United Nations system. The efficient use of resources entrusted to UNDP includes keeping management
and operational costs low in order to maximize real impact without compromising accountability. 128. Key outputs and performance
targets for 2008-2011 are: (a) Substantial reduction in frequency of audit observations on NEX management; internal control
framework application, bank reconciliation, financial reporting and procurement transparency; (b) Unqualified audit for UNDP;
and (c) Minimum 90 per cent implementation rate of audit recommendations.
Indicator(s):
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