International Telecommunication Union (ITU) - Audit of the Financial Statements for 2019 - External Auditor Report

Sep 1, 2026

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External auditor report for the International Telecommunication Union (ITU) covering the audit of the financial statements for 2019. The document organizes findings around the audit certificate, the structure of accounting statements, and key areas of the balance sheet and performance statement. It details assets, liabilities, net assets, revenue and expenses, and cash flows, and highlights observations across procurement and personnel administration, including significant weaknesses and implementation needs.

LanguageEnglish

CategoryLetters

FormatDOCX

Pages115

Reading Time40 min

AccessFree to download

Introduction

Audit Certificate

Structure of the Accounting Statements

Statement of Financial Position 2019

Statement of Financial Performance 2019

Statement of Changes in Net Assets for the period ended 31 December 2019

Table of Cash Flows for the period ended 31 December 2019

Corte dei conti REPORT OF THE EXTERNAL AUDITORINTERNATIONAL TELECOMMUNICATION UNION(ITU)Audit of the Financial Statements for 2019 3 November 2020 TABLE OF CONTENTS TOC \o "1-3" \h \z \u HYPERLINK \l "_Toc54969337" INTRODUCTION PAGEREF _Toc54969337 \h 7 HYPERLINK \l "_Toc54969338" AUDIT CERTIFICATE PAGEREF _Toc54969338 \h 11 HYPERLINK \l "_Toc54969339" STRUCTURE OF THE ACCOUNTING STATEMENTS PAGEREF _Toc54969339 \h 15 HYPERLINK \l "_Toc54969340" STATEMENT OF FINANCIAL POSITION 2019 PAGEREF _Toc54969340 \h 15 HYPERLINK \l "_Toc54969341" ASSETS PAGEREF _Toc54969341 \h 15 HYPERLINK \l "_Toc54969342" Current Assets PAGEREF _Toc54969342 \h 16 HYPERLINK \l "_Toc54969343" Cash and cash equivalent PAGEREF _Toc54969343 \h 16 HYPERLINK \l "_Toc54969344" Updating of lists of authorized signatures at banks PAGEREF _Toc54969344 \h 16 HYPERLINK \l "_Toc54969345" Investments PAGEREF _Toc54969345 \h 17 HYPERLINK \l "_Toc54969346" Receivables PAGEREF _Toc54969346 \h 17 HYPERLINK \l "_Toc54969347" Other current receivables PAGEREF _Toc54969347 \h 18 HYPERLINK \l "_Toc54969348" Arrears PAGEREF _Toc54969348 \h 18 HYPERLINK \l "_Toc54969349" Writing off of interest PAGEREF _Toc54969349 \h 18 HYPERLINK \l "_Toc54969350" Inventories PAGEREF _Toc54969350 \h 19 HYPERLINK \l "_Toc54969351" Non-current assets PAGEREF _Toc54969351 \h 19 HYPERLINK \l "_Toc54969352" Property, plant and equipment PAGEREF _Toc54969352 \h 19 HYPERLINK \l "_Toc54969353" Union’s headquarters premises PAGEREF _Toc54969353 \h 21 HYPERLINK \l "_Toc54969354" Personal equipment PAGEREF _Toc54969354 \h 22 HYPERLINK \l "_Toc54969355" Intangible Assets PAGEREF _Toc54969355 \h 23 HYPERLINK \l "_Toc54969356" LIABILITIES PAGEREF _Toc54969356 \h 23 HYPERLINK \l "_Toc54969357" Current liabilities PAGEREF _Toc54969357 \h 23 HYPERLINK \l "_Toc54969358" Suppliers and other creditors PAGEREF _Toc54969358 \h 24 HYPERLINK \l "_Toc54969359" Deferred revenue PAGEREF _Toc54969359 \h 24 HYPERLINK \l "_Toc54969360" Provisions PAGEREF _Toc54969360 \h 24 HYPERLINK \l "_Toc54969361" Borrowings and financial debts PAGEREF _Toc54969361 \h 24 HYPERLINK \l "_Toc54969362" Other Current liabilities PAGEREF _Toc54969362 \h 25 HYPERLINK \l "_Toc54969363" Non-current liabilities PAGEREF _Toc54969363 \h 25 HYPERLINK \l "_Toc54969364" Summary of employee benefits PAGEREF _Toc54969364 \h 25 HYPERLINK \l "_Toc54969365" Long-term employee benefits PAGEREF _Toc54969365 \h 26 HYPERLINK \l "_Toc54969366" Employee benefits: Installation and Repatriation grants PAGEREF _Toc54969366 \h 26 HYPERLINK \l "_Toc54969367" Employee benefits: ASHI PAGEREF _Toc54969367 \h 26 HYPERLINK \l "_Toc54969368" Based on the ITU’s assumptions, the value of Installation and Repatriation grants and the value of ASHI liabilities are substantially correct PAGEREF _Toc54969368 \h 27 HYPERLINK \l "_Toc54969369" The increase of the ASHI liabilities PAGEREF _Toc54969369 \h 27 HYPERLINK \l "_Toc54969370" Negative Net-assets influenced by actuarial liabilities PAGEREF _Toc54969370 \h 28 HYPERLINK \l "_Toc54969371" Deficit in the financial performance influenced by ASHI costs PAGEREF _Toc54969371 \h 28 HYPERLINK \l "_Toc54969372" The transition from CMIP/Cigna to UNSMIS PAGEREF _Toc54969372 \h 28 HYPERLINK \l "_Toc54969373" In-service and after-service staff health insurance liabilities and the impact of the transition from CMIP/Cigna to UNSMIS PAGEREF _Toc54969373 \h 29 HYPERLINK \l "_Toc54969374" Employee benefits: Staff Superannuation and Benevolent Funds (ITU closed Pension Funds) PAGEREF _Toc54969374 \h 31 HYPERLINK \l "_Toc54969375" NET ASSETS PAGEREF _Toc54969375 \h 31 HYPERLINK \l "_Toc54969376" STATEMENT OF FINANCIAL PERFORMAN

FAQs

What period and organization does the audit report cover?

The report audits the financial statements for 2019 of the International Telecommunication Union (ITU).

Which core financial statement sections are covered in the report’s structure?

It covers the statement of financial position, statement of financial performance, statement of changes in net assets, and a table of cash flows, along with the underlying accounting statement structure.

What main operational areas are highlighted as part of the audit observations?

The table of contents indicates focus on procurement and personnel, including weaknesses such as database updating and progress on human resources implementation.

Sep 1, 2026

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