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NATO is releasing the first audit report of IBAN in its history. The North Atlantic Council (Council) decided that in accordance with basic principles of transparency and accountability that as of 1 January 2014 the reports of the International Board of Auditors for NATO (IBAN) together with any related financial statements should be disclosed to the public on a case by case basis. On 14 July 2014 the Council agreed that the IBAN report on the Financial Statements of the NATO Defense College for the year ended 31 December 2013 would be made available to the public.
The IBAN audited the financial statements of the NATO Defense College (http://www.ndc.nato.int/), which is responsible for organising courses and other programmes designed to prepare selected officers and officials for NATO and NATO related positions, and to disseminate awareness of NATO initiatives. The IBAN issued an unqualified opinion on the presentation of the NATO Defense College financial statements and on compliance for the year ended 31 December 2013.
The audit report is available on IBAN’s web page.