Audit Committee

The Audit Committee, which is a sub-committee of the Executive Board of IFAD, was established by decision of the Executive Board at its Fifteenth Session in April 1982, in order to deal with audit-related matters on an ad hoc basis.

Its membership distribution was revised at the Sixty-First Session of the Executive Board to fall in line with the new membership distribution of the Executive Board.  It is now composed of nine of the 36 Members of the Executive Board sitting at the time; four Members from List A, two Members from List B and three Members from List C. 

The nine Members are elected to the Committee by the Executive Board itself, for a three-year term of office.  The Chairmanship of the Audit Committee rests permanently with List A.

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.

In accordance with the Rules of Procedure of the Audit Committee and the IFAD Policy on the Disclosure of Documents, the 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.

Current Composition

Current Composition

IFAD List A

  • Member
  • Germany Flag
    Germany
  • Italy Flag
    Italy
  • United Kingdom Flag
    United Kingdom
  • United States Flag
    United States

IFAD List B

  • Member
  • Algeria Flag
    Algeria
  • Venezuela (Bolivarian Republic of) Flag
    Venezuela (Bolivarian Republic of)

IFAD List C1

  • Member
  • Kenya Flag
    Kenya

IFAD List C2

  • Member
  • China Flag
    China

IFAD List C3

  • Member
  • Argentina Flag
    Argentina