Common use of External and Internal Audit Clause in Contracts

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of each of the relevant Participants provide otherwise. 2. The Internal Audit Services of the Participants involved in the Fund may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the Fund. In doing so, the Internal Audit Services of the Participants will consult with the Steering Committee. 3. The total costs of internal audit activities in relation to the Fund will be borne by the Fund.

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund Programme will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of each of the relevant Participants provide otherwise. 2. The Internal Audit Services of the Participants involved in the Fund Programme may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the FundProgramme. In doing so, the Internal Audit Services of the Participants will consult with the Programme Steering Committee. 3. The total costs of internal audit activities in relation to the Fund Programme will be borne by the FundProgramme.

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of each of the relevant Participants provide otherwise. 2. The Internal Audit Services of the Participants involved in the Fund may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the Fund. In doing so, the Internal Audit Services of the Participants will consult with the Steering CommitteeExecutive Board. 3. The total costs of internal audit activities in relation to the Fund will be borne by the Fund.

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of each of the relevant Participants provide otherwise. 2. The Internal Audit Services of the Participants involved in the Fund may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the Fund. In doing so, the Internal Audit Services of the Participants will consult with the Steering Committee. 3. The total costs of internal audit activities in relation to the PNG UN Country Fund Phase II will be borne by the FundInternal Audit Services of the UN organizations involved.

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund Programme will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of each of the relevant Participants provide otherwise. 2. The Internal Audit Services of the Participants involved in the Fund Programme may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the FundProgramme. In doing so, the Internal Audit Services of the Participants will consult with the Steering Committee. 3. The total costs of internal audit activities in relation to the Fund Programme will be borne by the FundProgramme.

External and Internal Audit. 1. The activities of the Administrative Agent and each Participating UN Organization in relation to the Fund will be exclusively audited by their respective internal and external auditors in accordance with their own financial regulations and rules. The corresponding external and internal audit reports will be disclosed publicly unless the relevant policies and procedures of the Administrative Agent or each of the relevant Participants Participating UN Organization provide otherwise. 2. The Internal Audit Services of the Participants UN organizations involved in the Fund may consider conducting joint internal audits thereof in accordance with the Framework for Joint Internal Audits of UN Joint Activities, including its risk-based approach and provisions for disclosure of internal audit reports related to the Fund. In doing so, the Internal Audit Services of the Participants Administrative Agent and the Participating UN Organizations will consult with the Steering Committee. 3. The total costs of internal audit activities in relation to the Fund will be borne by the Fund.