The Office of Audit and Investigation Services (OAIS) covers two functions: internal audit, and investigation. The Director, OAIS reports directly to the Executive Director of UNFPA and provides independent and objective assurance as well as advisory services designed to add value and improve UNFPA operations. The Office helps UNFPA accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management and control processes, as well as assess the impact of UNFPA's activities on its intended beneficiaries.
In accordance with the Oversight Policy and the Financial Regulations approved by the Executive Board, the roles and responsibilities of OAIS, as well as the purpose, authority, policies and procedures that shall be applied in the operations of OAIS, are set forth in its Charter approved by the Executive Director.
As stated in the Financial Rules and Regulations of UNFPA, the Director, OAIS reports on internal audit and oversight activities annually to the Executive Board at its annual session. The report on internal audit and oversight activities summarizes significant observations from audits and investigations undertaken in that year.
Oversight Advisory Committee
A five-member Oversight Advisory Committee (OAC) is established to assist the Executive Director of UNFPA in fulfilling his/her responsibilities regarding financial management and reporting, external audit matters, risk management, the systems of internal control and accountability, and the oversight process (the internal audit, evaluation, investigation and ethics functions).
OAIS submits to the OAC, for review and advice, its strategy, work plans, budget situations and periodic progress reports. The OAC also receives a copy of all OAIS internal audit reports.