The Independent Audit Advisory Committee of the United Nations (IAAC) held its twelfth session from 15 to 16 December. The session, which was held at the United Nations Headquarters in New York, was presided over by the Chairman, David M. Walker, with all the members of IAAC, namely, Vadim V. Dubinkin, Vice-Chairman Vijayendra N. Kaul, John F.S. Muwanga and Adrian P. Strachan, in attendance.