IFAD Audit Committee
The Audit Committee, which is a sub-committee of the Executive Board of IFAD, was established in order to deal with audit-related matters on an ad hoc basis.
The AC is composed of nine of the 36 Members of the Executive Board sitting at the time.
Presently, Germany is holding an AC membership position until .....
The nine Members are elected to the Committee by the Executive Board itself, for a three-year term of office.
The Audit Committee meets regularly four times a year. Except one meeting which may be organized in June or July, all meetings are held before each of the three Board sessions.
The committee may also hold other meetings if and when required.
Moreover, and as decided at the Ninety-Seventh Session of the Executive Board, Executive Board members who are not members of the Audit Committee may participate in the Committee meetings as observers.
Proceedings, documents, and records of the Audit Committee, with the exception of the annual investigation reports, are restricted. The outcome of deliberations of the Audit Committee are made public following Audit Committee meetings, and shared with the Executive Board in the Report of the Chair.