Mandate

The Audit Committee, which is a subsidiary body 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. 

Terms of Reference and Rules of Procedure of the Audit Committee [Arabic] [English] [French] [Spanish]

Membership

Its membership is now composed of nine of the 36 members and alternate members of the Executive Board; four members from List A, two members from List B and three members from List C. 

Current Composition

The nine members are appointed to the Committee by the President with the approval of the Executive Board, for a three-year term of office. The chairing of the Audit Committee rests permanently with List A.

Meetings

The Audit Committee meets formally at least four times a year and deals with questions related to the financial administration and internal oversight of the Fund for which the Executive Board is responsible.