№ files_lp_3_process_7_055281
Analytical audit review summarizing external and internal audit findings for 2018–2019 and outlining financial data, governance issues, and fiduciary risk considerations related to FAO operations and Bank-financed activities.
Year: 2018–2019
Update date: 30 April 2020
Organization: Food and Agriculture Organization (FAO)
Acronym: FAO
Headquarters: Rome, Italy
Established: 1945
Scope: External and internal audits
Financial year covered: Year ended 31 December 2018; Year ended 31 December 2017
Auditor: Commission on Audit, Republic of the Philippines
Audit opinion: Unqualified
Related policy framework: United Nations single audit policy
Operational coverage: 196 countries
Country Offices: 85
Sub-regional Offices: 10
Regional Offices: 5
Employees (as of 14 February 2019): 11,561
Main revenue sources: Assessments; Voluntary contributions; Other income
Total revenue 2018: USD 1,628.7 million
Total expenses 2018: USD 1,431.0 million
Surplus 2018: USD 173.8 million
Key focus areas: Financial management; Procurement; Fraud and corruption; Oversight and risk management; Donor fund management; Human resources; Information technology systems
Subject matter: Review of audit findings and fiduciary risk considerations for Bank-financed operations
Source reference: Progress Report on Implementation of the External Auditor’s Recommendations (FC 178/9), November 2019
Price: 8 / 10 USD
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