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Hi Everyone,
This is a thread from StrykerBlog and I'm wondering if maybe (as I can't find an answer to this yet) anyone here might be able to address these articles and what we may be very likely looking at regarding the SBA extension?
Thank you...OOTW
Iraq participates in international meetings to discuss the risk and advice between supreme control devices
03 March, 2013 05:23:00
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Presided by the President of Supreme Audit Abdul Basit Turki official delegation to participate work seminar twenty-second organized by the United Nations and the Organization INTOSAI in Vienna and continue for the period from March 5 to 7 current.
said Turki said the seminar aims to support and strengthen the exchange of experiences between institutions supreme control, and the issue of conduct Audit and risks and advise regulatory bodies upper and possibility of hiring citizens, Mushir of that Iraq will in the seminar paper on the exchange of experiences and to increase skills among auditors in SAIs in areas of risk, noting that Iraq will participate in the meetings of the International Monetary Fund in Amman Arrangement to discuss standby credit. [You must be registered and logged in to see this link.]
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yota691
Yota says; may the news be with you!
Registered: 01/10/13
Posts: 1,236
Posted Today at 02:12 PM
#2
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INTOSAIThe International Organisation of Supreme Audit Institutions (INTOSAI) operates as an umbrella organisation for the external government audit community. For more than 50 years it has provided an institutionalised framework for supreme audit institutions to promote development and transfer of knowledge, improve government auditing worldwide and enhance professional capacities, standing and influence of member SAIs in their respective countries. In keeping with INTOSAI's motto, 'Experientia mutua omnibus prodest', the exchange of experience among INTOSAI members and the findings and insights which result, are a guarantee that government auditing continuously progresses with new developments.
INTOSAI is an autonomous, independent and non-political organisation. It is a non-governmental organisation with special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.
INTOSAI was founded in 1953 at the initiative of Emilio Fernandez Camus, then President of the SAI of Cuba. At that time, 34 SAIs met for the 1st INTOSAI Congress in Cuba. At present INTOSAI has 191 Full Members and 4 Associated Members. [You must be registered and logged in to see this link.]
International Organization of Supreme Audit Institutions
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OutOfTheWoods
Senior Editor
Registered: 01/08/13
Posts: 1,185
Posted Today at 04:17 PM
#3
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Can anyone tell me if they push back the SBA how this effects us/if it effects us and how? I've never received any clear answers to this...why do we watch it so closely? They can RV at any point with or without this deadline being moved right? Why is it such an "indicator" for us?
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Butifldrm
Junior Member
Registered: 01/22/13
Posts: 276
Posted Today at 07:31 PM
#4
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Well, so far I have seen nothing new posted on the IMF site since the October 05, 2012 -- IMF Program Note on Iraq Program Note on Iraq. No change in the financials [You must be registered and logged in to see this link.] If you notice the pattern of responses from the IMF usually comes out in March and April once they have recieved the LOI (Letter of Intent). So it could be, JMO that this meeting with the IMF is hopefully a good thing. See Iraq was given a 3 year SBA and then another 7 month extention ( I always wondered why 7 not 6, because a correction in the exchange rate regime would be much easier at the beginning of the year). So if we make to mid March without seeing Iraq ask for an extention, were good. Now, if we see them ask for an extention, not so good. Now, this meeting about discussing standby credit, we will just have to see what comes out of it. All I can say is that I hope they paid the 2,870,585 SDR millions due on the Feb 1st, because they owe 37,137,500 in June
[You must be registered and logged in to see this link.]
So I'm wondering if anyone thinks this huge jump in payment to the IMF, might lean toward us seeing an increase in
rate in June?
.
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OutOfTheWoods
Senior Editor
Registered: 01/08/13
Posts: 1,185
Posted Today at 08:03 PM
#5
--------------------------------------------------------------------------------
Great work, Butifl...I hope we get an answer..I'm certainly no numbers person.
[You must be registered and logged in to see this link.]
This is a thread from StrykerBlog and I'm wondering if maybe (as I can't find an answer to this yet) anyone here might be able to address these articles and what we may be very likely looking at regarding the SBA extension?
Thank you...OOTW
Iraq participates in international meetings to discuss the risk and advice between supreme control devices
03 March, 2013 05:23:00
Font Size:
Presided by the President of Supreme Audit Abdul Basit Turki official delegation to participate work seminar twenty-second organized by the United Nations and the Organization INTOSAI in Vienna and continue for the period from March 5 to 7 current.
said Turki said the seminar aims to support and strengthen the exchange of experiences between institutions supreme control, and the issue of conduct Audit and risks and advise regulatory bodies upper and possibility of hiring citizens, Mushir of that Iraq will in the seminar paper on the exchange of experiences and to increase skills among auditors in SAIs in areas of risk, noting that Iraq will participate in the meetings of the International Monetary Fund in Amman Arrangement to discuss standby credit. [You must be registered and logged in to see this link.]
html
__________________
Enjoy the Ride 13 to 1
Edit | Delete
yota691
Yota says; may the news be with you!
Registered: 01/10/13
Posts: 1,236
Posted Today at 02:12 PM
#2
--------------------------------------------------------------------------------
INTOSAIThe International Organisation of Supreme Audit Institutions (INTOSAI) operates as an umbrella organisation for the external government audit community. For more than 50 years it has provided an institutionalised framework for supreme audit institutions to promote development and transfer of knowledge, improve government auditing worldwide and enhance professional capacities, standing and influence of member SAIs in their respective countries. In keeping with INTOSAI's motto, 'Experientia mutua omnibus prodest', the exchange of experience among INTOSAI members and the findings and insights which result, are a guarantee that government auditing continuously progresses with new developments.
INTOSAI is an autonomous, independent and non-political organisation. It is a non-governmental organisation with special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.
INTOSAI was founded in 1953 at the initiative of Emilio Fernandez Camus, then President of the SAI of Cuba. At that time, 34 SAIs met for the 1st INTOSAI Congress in Cuba. At present INTOSAI has 191 Full Members and 4 Associated Members. [You must be registered and logged in to see this link.]
International Organization of Supreme Audit Institutions
__________________
Enjoy the Ride 13 to 1
Edit | Delete
OutOfTheWoods
Senior Editor
Registered: 01/08/13
Posts: 1,185
Posted Today at 04:17 PM
#3
--------------------------------------------------------------------------------
Can anyone tell me if they push back the SBA how this effects us/if it effects us and how? I've never received any clear answers to this...why do we watch it so closely? They can RV at any point with or without this deadline being moved right? Why is it such an "indicator" for us?
Edit | Delete
Butifldrm
Junior Member
Registered: 01/22/13
Posts: 276
Posted Today at 07:31 PM
#4
--------------------------------------------------------------------------------
Well, so far I have seen nothing new posted on the IMF site since the October 05, 2012 -- IMF Program Note on Iraq Program Note on Iraq. No change in the financials [You must be registered and logged in to see this link.] If you notice the pattern of responses from the IMF usually comes out in March and April once they have recieved the LOI (Letter of Intent). So it could be, JMO that this meeting with the IMF is hopefully a good thing. See Iraq was given a 3 year SBA and then another 7 month extention ( I always wondered why 7 not 6, because a correction in the exchange rate regime would be much easier at the beginning of the year). So if we make to mid March without seeing Iraq ask for an extention, were good. Now, if we see them ask for an extention, not so good. Now, this meeting about discussing standby credit, we will just have to see what comes out of it. All I can say is that I hope they paid the 2,870,585 SDR millions due on the Feb 1st, because they owe 37,137,500 in June
[You must be registered and logged in to see this link.]
So I'm wondering if anyone thinks this huge jump in payment to the IMF, might lean toward us seeing an increase in
rate in June?
.
Edit | Delete
OutOfTheWoods
Senior Editor
Registered: 01/08/13
Posts: 1,185
Posted Today at 08:03 PM
#5
--------------------------------------------------------------------------------
Great work, Butifl...I hope we get an answer..I'm certainly no numbers person.
[You must be registered and logged in to see this link.]
