The most significant share of the conversion costs are expenses for knowledgeable staff and adjustments of accounting-related information technology systems.

UNOPS acknowledged that migration to IPSAS was a major undertaking and it entailed far more than a mere adjustment of accounting practices, rather it represented a paradigm shift in its business model.

Adjustment on account of betterment is explained in paragraph 97 of the First “E4” Report.

UNOPS indicated that it was unable to pursue appropriate adjustment of this account until the supporting documents requested from the pertinent UNDP country offices had been received.

The process of adjustment accounts for differences in survey coverage, age and reference periods used in individual countries.

A dilemma is that the adjustment of the current account imbalance cannot be brought about by the exchange rate alone.

In paragraph 11 (c), the Board recommended that the Administration modify Release 3 of IMIS to avoid the necessity of introducing substantial adjustments of accounts receivable and payable outside IMIS; provide detailed information about debtor/creditor identity in respect of each item of accounts receivable and accounts payable; and enable the Organization to actively pursue recovery, especially in long-outstanding accounts.

The Panel has, therefore, made an adjustment to take account of the difference.

If so, was the amount of the benefit adjusted to take account of the family's income?

This corresponds to the amount approved for 2004, adjusted to take account of the inflation rate.