Board Decisions

GF/B05/EDP02

Approved by the Board on: 03 September 2003


Audited Financial Statements 2002

The Board:

  1. Notes that the Chair andVice Chair of the Board and the Chair of the MEFA Committee have all agreed torequest Board approval of this decision via email;

  2. Having reviewed the external audit and report of the Global Fund’s 2002 Financial Statements, commissioned by the Board at its June Meeting, and since completed by the external auditors, Ernst and Young;

  3. Having noted the unqualified opinion reached by the auditors;

  4. Approves the Auditor’s Report andAudited Financial Statements for 2002, prepared by Ernst and Young;

  5. Approves the 2002 Annual Report for issuance on 22 September 2002 at the United Nations General Assembly.

Notes

The text of this decision reflects the substance of two emails from the Secretariat requesting Board approval on this matter. The referencenumber of this decision was assigned post-factum.