1- During the transitional period, the accounting system of the Network shall be subject to the rules and regulation of the financial and accounting system of the FAO. After that, auditors (internal and external) shall be appointed by the Conference. All the Network’s accounts, records and documents shall be subject to inspection by the auditors at any time. The Executive Secretary shall produce an account of his/her receipts and payments and a statement of assets and liabilities, which shall be updated not more than sixty days before the biennial General Conference.
2- The auditors shall examine such biennial accounts and statements and certify that they are correct, duly vouched, and in accordance with the Rules and Financial Regulations of the Network, or report in what respect they are found to be incorrect or not in accordance with such Rules and Financial Regulations.
3- A copy of the auditors' report on the accounts and statements shall be made available to all Members at or before the General Conference.
4- The auditors' honorarium shall be determined at the General Conference that appoints them. |