Independent Management Advisory Committee (IMAC)
The purpose of the
Independent Management Advisory Committee (IMAC), as a subsidiary body of the ITU Council, is to serve in an expert advisory capacity and assists the Council and the Secretary-General in fulfilling their governance responsibilities, including ensuring the effectiveness of ITU's internal control systems, risk management and governance processes. IMAC must add value and must assist in strengthening accountability and governance functions of the Council and the Secretary-General.
IMAC provides advice to the Council and ITU management, on:
the quality and the level of financial reporting, governance, risk management, monitoring and internal controls in ITU;
the actions taken by ITU management on audit recommendations;
the independence, effectiveness and objectivity of the internal and external audit functions; and
how to strengthen the communication among stakeholders, external and internal auditors and ITU management.
Internal audit function
To advise the Council on the staffing, resources and performance of the internal audit function and the appropriateness of the independence of the internal audit function.
Risk management and internal controls
To advise the Council on the effectiveness of ITU's internal control systems, including ITU's risk management and governance practices
To advise the Council on issues arising from the audited financial statements of ITU, and letters to management and other reports produced by the external auditor.
To advise the Council on the appropriateness of accounting policies and disclosure practices and assess changes and risks in those policies.
To advise the Council on the scope and approach of the external auditor's work. IMAC may provide advice on the appointment of the external auditor, including the costs and scope of the services to be provided.
To review and advise the Council on the staffing, resources and performance of ITU's evaluation function.