I recommend that ITU makes A draft policy for the Inventories valuation Inventories valuation Closed Rec. 1 the necessary corrections in valuation of inventories policies have been defined policies are in the process 2010 regard to valuation of was submitted to the and the changes to be reiterated to be reviewed by our new inventories and adapts its IT External Auditor’s integrated into the in 2011 External Auditors. system accordingly, in order colleague in November publication management to ensure correct valuation of 2011. This policy system (DPS) have been inventories in line with determined rules for the defined and implemented as IPSAS. valuation of inventories of of 1 May 2014 and publications with guidelines have been issued depreciation calculated to The first weeks of linearly. We will conduct a DPS data is in the process of study of the costs of being analyzed and the publications that will valuation methodology include staff costs so as to tested. demonstrate our approach and have it validated by the new External Auditors in 2012. Status as reported by ITU Comments received from Status on actions Comments received from Report Recommendation raised Management related to Swiss ITU Management related to by Management as evaluated Secretary-General at the time By Swiss Auditors Auditors’ report previous Italian Court of by Italian of the issuance of the Swiss Auditors’ Report Court of Audit report
Rec. 1 2010 reiterated in 2011 I recommend that ITU makes the necessary corrections in regard to valuation of inventories and adapts its IT system accordingly, in order to ensure correct valuation of inventories in line with IPSAS. A draft policy for the valuation of inventories was submitted to the External Auditor’s colleague in November 2011. This policy determined rules for the valuation of inventories of publications with depreciation calculated linearly. We will conduct a study of the costs of publications that will include staff costs so as to demonstrate our approach and have it validated by the new External Auditors in 2012. Inventories valuation policies are in the process to be reviewed by our new External Auditors. Inventories valuation policies have been defined and the changes to be integrated into the publication management system (DPS) have been defined and implemented as of 1 May 2014 and guidelines have been issued to The first weeks of DPS data is in the process of being analyzed and the valuation methodology tested. Closed Report Recommendation raised By Swiss Auditors Comments received from Secretary-General at the time of the issuance of the Swiss report Status as reported by ITU Management related to Swiss Auditors’ report Comments received from ITU Management related to previous Italian Court of Auditors’ Report Status on actions by Management as evaluated by Italian Court of Audit
S14-CL-C-0105!R1!MSW-E.docx