preparation ofanaging schedule~ 25.Werecommended thatlong-outstanding itemsberevi~wed andsettled in accordance withtheprovision ofarticle 46(£),thataperiodic reviewof outstanding itemsbeinstituted, asrecommended bytheinternal auditors, andthat acomputer programme thatcangenerate anagingschedule bedeveloped. The Administration assured usthatalldeficiencies brought toitsattention wouldbe cleared immediately andthatthecomputer programme wouldberequested.Benefits entitlements underthetwo-track system I20.Inourreviewofpension benefit calculations andpayments, weobserved that ]overpayments orunderpayments occurred withregularity foragroupofnewpension entitlements determined underthetwo-track system. Ouranalysis disclosed that theseerrorsoccurred whenfiveconditions werepresent, including thechangein theoperational exchange ratesbetween thetimeofbenefits calculation andthe timeofpayment•. 1 " , 1 i :1' I~t 1 it in )f ) of ems at , I . !Reconciliation ofaccounts Bankaccounts 26.Ourreviewofthebankreconciliation statements forthethreeprincipal payment accounts disclosed outstanding cheaues anddrafts, amounting to $157,706.44, thatwereissuedin1981,1982and1983. 27.Werecommended theperiodic reviewofoutstanding items,thecar.cellation of stalecheaues anddrafts, together withtherecognition ofthecancelled itemsas payables, properly supported byasubsidiary ledger. TheAdministration informed usthatithadstarted toinvestigate theseitemsandwassetting upprocedures for theirfollow-up anddisposition. Likewise, theAdministration wasconsidering a newliability account forthecancelled itemsandthepossibility ofamechanized application togenerate aschedule thatcouldfacilitate itswork,including the reversion totheFund'sprincipal oftheforfeited benefits. Pension benefit accounts 28.Thereconciliation ofthepension benefit accounts wascompleted onlyin mid-April 1985.Thereconciliation work,whichinvolves ahighvolumeof transactions, isdonemanually byonepersonalthough therecords beingreconciled havelongbeencomputer-generated. Inaddition, accounts supervisors failedto reviewthemonthly reconciliation. Welikewise observed thatthecomputerized payments systemforretirement benefits implemented latein1984failedtoconsider therequirements ofreconciliation. 29.Whenthesematters andtherelated recommendations werebrought toits attention, theAdministration informed usthattheworkvolumeandestablished priorities hadresulted "inthedelaysobserved byusandthatthecomputer ~rogramme modification hadbeenmade. Withdrawal settlement account 30.Ourreviewdisclosed thefailure toundertake therequired monthly reconciliacion ofthewithdrawal settlement account. Initial reconciliation work was unde~taken onlyinmid-year andalmosthalfoftheworkwasdonein1985. 31.Werecommended andtheAdministration ag'reedthatdoingtheworkonaregular basiswouldfacilitate theworkandhelpalleviate theyear-end workload. Emergency Fund 32.Present accounting procedures fortheEmergency FundprOVide fortherecording oftheannualappropriation onlyatyear-end ratherthanatthestartoftheyear whentheauthorization isreceived. Wealsoobserved thattheunexpended balance ofthisfundisnotreverted tothePension Fund,considering thatthe appropriation isvalidforonlyoneyear.Accordingly, werecommended andthe Administration agreedthattheappropriation berecorded atthestartoftheyear andthebalance ofthefundbereverted tothePension Fundatyear-end. -53-I:'Comments onmatters dealtwithinthe1983reportof theBoardofAuditors 33.Weobserved thattheAdministration hastakensatisfactory actiononmatters raisedinthe1983report, ~/exceptwithrespect totheformalization inwriting oftheservice agreements withthebankandtheconsulting actuaries, although discussions wereheldwiththeparties concerned. Acknowledgement 34.TheBoardofAuditors wishestoer-pressitsappreciation fortheco-operation andassi.stance extended bytheSecretary oftheUnitedNations JointStaffPension BoardandtheAssistant Secretary-General forFinancial Services, theirofficers andmembers oftheirstaff. (Signed) R.T.NELSON Auditor General ofGhana (Signed) A.DEFOY SeniorPresident oftheCourt
**Analysis**
The text appears to be a report on the financial management and administration of the United Nations Joint Staff Pension Fund. It discusses various issues related to the preparation of schedules, reconciliation of accounts, and other financial matters. The report highlights deficiencies and makes recommendations for improvement. Given the focus on financial management and administration, it is likely that the report falls under a category related to governance or financial management.

**Category**
Finance, Administration