EC-UN Framework Agreement

EC-UN Framework Agreement
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Voluntary funding agreements between the European Commission (EC) and UN organizations traditionally contained a verification clause that permitted the EC to audit, on a spot-check basis, how funds had been spent. Such a clause contradicted the single audit principle that all organizations hold with their respective external auditors and as embodied in each organization’s financial rules and regulations. Work in this area is led by Chris Kirkcaldy, Chief, Financial Resources Service, UNDCP/UNODC.