ANNEX 1 . 75 UNRWA’s results-based monitoring system enables data collection and analysis against strategic outcomes set out in the MTS. The system also hosts monitoring structures for EAs, projects and other frameworks employed by the Agency, and where possible, establishes linkages between them. The agency’s REACH system has allowed the agency to better forecast expenditure needs. However, the agency’s current results-based monitoring system has not yet been integrated with the REACH system to enable full Results-based budgeting. Results-based budgeting is currently completed manually and at outcome, rather than output level. The impending integration of the REACH and results-based monitoring system will allow further granularity regarding results-based budgeting and a more 1, 2, 6, 8, 43, 44, 65 efficient process. In 2013 UNRWA introduced the mid-year results review. This was designed to complement the established annual review process in order to align results-based management best practices by proactively reviewing organisational performance in key areas and linking results with utilised resources. These are completed every 6 months by each programme between HQ and across Field Offices, and relevant action points regarding implementation are noted and monitored. MI 4.3 Evidence confidence High confidence MI 4.4: External audit or other external reviews certifies the meeting of international standards at all levels, including with respect to internal audit Score Overall MI Rating Highly satisfactory Overall MI score 3.67 Element 1: External audit conducted which complies with international standards 4 Element 2: Most recent external audit confirms compliance with international standards across functions Element 3: Management response is available to external audit Element 4: Management response provides clear action plan for addressing any gaps or weaknesses identified by external audit 4 4 3 Element 5: Internal audit functions meet international standards, including for independence 4 Element 6: Internal audit reports are publicly available 3 MI 4.4 Analysis Source document UNRWA’s accounts are audited on an annual basis by the UNBOA and these audit reports are publicly available. These audits are completed in line with international standards and contain a detailed record of Management response to earlier external audit recommendations. Within UNRWA, there is designated responsibility for addressing any gaps or weaknesses identified by external audit (Department of Finance and the Executive Office). 1, 6, 21, 24, 36