Financial Reporting Council’s Post

Secretaría de la Defensa Nacional (SEDENA) concept code: 1.4.5.2.2 ADMINISTRATIVE SECTION B SUBPART 13 SEMAR APPENDIX 1 PEF 2024 8.36 Auditors should obtain an understanding of the nature of the program or program component under audit and the potential use that will be made of the audit results or report as they plan a performance audit. The nature and profile of a program include a. visibility, sensitivity, and relevant risks associated with the program under audit; b. age of the program or changes in its condition; c. the size of the program in terms of total dollars, number of citizens affected, or other measures; d. level and extent of review or other forms of independent oversight; e. the program’s strategic plan and objectives; and f. external factors or conditions that could directly affect the program. Sincerely. Page. 190. GAO-24-106786.pdf

Well this will certainly impact #sanctions #risk assessment. #CJEU rules on associated #family members and their links to #restrictedentities Family association is not enough. "The General Court recalls that the 'association' criterion, applied in respect of Mr Nikita #Mazepin, covers persons who are, generally speaking, linked by common interests. In accordance with settled case-law, that criterion implies the existence of a link going beyond a family relationship, established in the light of a set of indicia sufficiently specific, precise and consistent." "In the circumstances of the present case, the General Court holds that the Council did not discharge its burden of proof to establish such a link." "The maintaining acts are therefore based, de facto, solely on the family connection, which is not sufficient to maintain his name on the lists of persons subject to restrictive measures." Thanks to Alexander Witt, CSS for raising this to attention. https://lnkd.in/eTApzWPd

🗨️ "Depriving the OSCE of a budget for another year threatens the spirit co-operation in our organization & puts its future at risk." ❗️ The @OSCE is facing dire financial & operational challenges due to the non-approval of the Unified Budget in 2022 & 2023, & the delayed approval in 2024. The severity of this situation is highlighted by reports from the External Auditor & the Audit Committee during today's #PC. 📍 All 57 pS must recommit to their vision of a functional & effective @OSCE. 🇲🇹 MALTA - OSCE24 urges all delegations to engage constructively in the negotiations & demonstrate the political will necessary to reach consensus on these essential decisions. #StrengthensResilience #EnhancingSecurity Ian Borg Natasha Meli Daudey MALTA - OSCE24

Shedding light on ARCs through questions we get frequently! Today’s FAQ tackles the SARFAESI Act. Got more queries? Ask us in the comments! #CFMARC #NPA #SARFAESI #AssetReconstruction #BorrowerFAQs #NonPerformingAsset

Session 7 - Roundtable Discussion on Current Challenges Faced by Taxpayers. The last session of the conference dealt with a roundtable discussion on current challenges faced by taxpayers. Moderated by Ms. Leow Mui Lee, CTIM Council Member, the session featured panel members YBhg. Datuk Hisham bin Rusli, Deputy Director General (Compliance), HASiL and Mr. Steve Chia, CTIM Council Member. The thought-provoking discussion covered current challenges faced by taxpayers. #nationaltaxconference2024 #taxationmalaysia #roundtablediscussiononcurrentchallengesfacedbytaxpayers #HASiL #CTIM

🚨🚨Irregularities In Defence Services 🚨🚨 The Auditor General of Pakistan (AGP) has highlighted serious financial irre­gularities, non-transparent pro­cu­rements and unauthorised expenditures within various formations of the defence services (Who Cares?), calling on the relevant authorities to improve internal controls and initiate inquiries to fix responsibility. In its audit report on the accounts of Defence Services for the audit year 2023-24, the AGP published more than 300 pages of audit objections, including non-recoveries, over and advance payments, procurement-related irregularities, losses to the state and the non-production of records. Read the full story here: https://lnkd.in/d4-UHZN7 hashtag #defence hashtag #budget hashtag #irregularities hashtag #sharingiscaring hashtag #whocares? Activate to view larger image,

The Right to Information (RTI) refers to the right of citizens to access information held by public authorities. It promotes transparency and accountability in governance by allowing individuals to request and receive information from government institutions. Launching of the Right To Information in Solomon Islands (RTI).

SARIPA invites you to a key webinar on 02 MAY 2024 at 12h30: "The Good, the Bad, and the Ugly, and Everything Else of Business Rescue Plans". For more information and to register please go to: https://lnkd.in/ggD9mbpc #saripa #saripa24 #saripawebinar #businessrescue

🚨 Insights from the AGSA MFMA Report 2021-22! 🚨 The report reveals that while Audit Committees are operational across municipalities, their impact is varied. Notably: 🔹 51% of Audit Committees were found to have some impact. 🔹 34% faced significant challenges with management not effectively implementing their recommendations. Read more: https://lnkd.in/dKfqKckc #Governance #AuditCommittees #Municipalities #AGSA #Accountability #PublicSector #MFMA #PSAAA

The SOLAS Convention in its successive forms is generally regarded as the most important of all international treaties concerning the safety of merchant ships. The first version was adopted in 1914, in response to the Titanic disaster, the second in 1929, the third in 1948, and the fourth in 1960. The 1974 version includes the tacit acceptance procedure - which provides that an amendment shall enter into force on a specified date unless, before that date, objections to the amendment are received from an agreed number of Parties. As a result the 1974 Convention has been updated and amended on numerous occasions. The Convention in force today is sometimes referred to as SOLAS, 1974, as amended.