Advances recoverable locally (ARL)

Advances recoverable locally

Advances recoverable locally, credit balances

Reporting of advances recoverable locally

The balance shown in schedule 5.2 consists of recoverable advances paid with regard to the value added tax (VAT).

The balance shown in schedule 5.2 consists of recoverable advances paid with regard to the value-added tax.

Included in the receivables accounts are advances recoverable locally.

Advances recoverable locally are cash funds paid to an individual or vendor from the imprest account.

The Board further noted that there were limited monitoring controls over advances recoverable locally at headquarters.

The Board is concerned about the recoverability of advances due from “other persons”, since their assignment with the United Nations is temporary in nature.