The Audit Committee (AC) serves in an expert advisory capacity to assist the Executive Board and the Executive Director in exercising their governance responsibilities for financial reporting, internal control arrangements, risk management processes and other audit related matters. The membership of the Audit Committee is wholly independent and external to the WFP Executive Board Secretariat and the Board.
See the Revised Terms of Reference of the Audit Committee (revised in November 2017)
See the latest Annual Report of the Audit Committee (June 2017)
1984 – The AC was created as an entirely internal management committee. WFP was among the first United Nations organizations to establish such a committee, followed by UNESCO and UNFPA in 2004.
2004 – Following a proposal of the Executive Director, new Terms of Reference were approved by the Executive Board and the AC composition included five members: three external (including the Chairperson) and two internal.
2007 – For the first time, the AC was comprised entirely of external members, making WFP the first United Nations agency to have an AC with such composition.
2009 – The AC reporting line was revised to include both the Executive Director and the Executive Board.
2010 – The mandate of the AC was reinforced to include advice to WFP management on evaluation of operational risks, assessments of audit programmes and consultation on the appointments of the Inspector General, as well as the Director of Internal Audit and the Director of Inspections and Investigations.
2011 – The role of the Executive Board was enhanced to periodically review the Terms of Reference, nominate candidates for AC membership, and have the AC selection panel report its recommendations to the President of the Executive Board in addition to the Executive Director.
2017 – The Terms of Reference were revised twice to reflect the latest best practices among which are WFP's strengthened oversight activities, including advice by the AC on the performance of the Inspector General; comments for consideration by the External Auditor in the independent determination of the External Auditor's work plan and reports; advice on ethics; extending cooling off periods for ex members of the Audit Committee and of the Executive Board as well as WFP staff; and reconstituting the selection panel for the appointment of Audit Committee members to five Executive Board representatives, one from each of the electoral Lists.
The WFP AC has been acknowledged as a benchmark for implementing all the best practices recommended by the Good Governance in the Public Sector Framework, as outlined in the Special Report No 27/2016: Governance at the European Commission – best practice? of the European Court of Auditors:
Role/Composition of Audit Progress Committee and selected audit committees compared to best practices recommended by Good Governance in the Public Sector Framework
 Sources: World Food Programme: Terms of reference for the Audit Committee of the World Food Programme (November 2011), European Investment Bank: Audit Committee Charter (June 2007), World Bank Group: World Bank Resolution Standing Committees (2009), Annex A Terms of Reference of the Audit Committee, United Nations: Terms of reference for the Independent Audit Advisory Committee and strengthening the Office of Internal Oversight Services (June 2007).
 Source: ECA. The APC Charter also refers to external audit (see paragraph 30).
Annual UN system oversight committees meeting (New York - November 2016)
The AC also participates in the annual UN system oversight committees meeting at the UN Secretariat in New York.