Observe · Regulate · Protect — since 2007. 19th OIMAP General Assembly: Singapore, 10–12 June 2026. Programme
OIMAP
OIMAP
International Organisation
for the Art Market and Heritage
24 October 2026 · Updated at 07:47 GMT FR EN ES Member area Log in
About

Certified accounts

OIMAP's financial statements, certified by an external statutory auditor and published before 30 June.

Updated : October 28, 2026· 3 min read

Certified accounts

Carnet (1863–1865)
Carnet (1863–1865)

Each year, OIMAP closes its accounts on 31 December. They are certified by an external statutory auditor and then published no later than 30 June of the following year.

The accounts should be read alongside the voted budget and the audit report. They are presented to the General Assembly.

  • Accounts
  • Certification
  • Financial year

Certified accounts in figures

31 Dec.Close of the financial year
30 JunePublication no later than
1External statutory auditor
4Main financial statements

Source: OIMAP General Secretariat.

Breakdown

Mission expenses≈ 81% (indicative)
Operating expenses≈ 19% (indicative)

Indicative structure of a year's expenses.

The financial statements

The financial statements comprise four documents: the balance sheet, the income statement, the cash flow statement and the statement of changes in equity. They are accompanied by notes that set out the accounting methods.

The accounts are prepared in accordance with international public sector accounting standards, adapted to intergovernmental organizations.

Solidus of Justinian I (obverse) (c. 545–565)
Solidus of Justinian I (obverse) (c. 545–565)
Christ Driving the Money Changers from the Temple, Rembrandt van Rijn (1635)
Christ Driving the Money Changers from the Temple, Rembrandt van Rijn (1635)
Medal Commemorating Commodore Oliver Hazard Perry (1785-1819) and the Battle of Lake Erie, Moritz Fürst (1813)
Medal Commemorating Commodore Oliver Hazard Perry (1785-1819) and the Battle of Lake Erie, Moritz Fürst (1813)

The role of the statutory auditor

The statutory auditor is chosen by the General Assembly following a call for tenders, for a four-year term. The auditor is independent of the Administration and may not provide any other paid service to the Organization.

The auditor issues an opinion on the accuracy of the accounts. This opinion may be unqualified, qualified or adverse. It is published with the financial statements.

From draft accounts to publication

Administration and Finance finalizes draft accounts in January. The statutory auditor carries out its checks from February to April. The Finance and Audit Committee reviews the accounts in May.

The accounts are then forwarded to the Executive Council, published online and presented to the General Assembly at its annual session.

How to read the balance sheet

The balance sheet shows what the Organization owns and what it owes at 31 December. Assets include cash, receivables from States and fixed assets. Liabilities include debts, earmarked funds and equity.

Receivables from Member States deserve attention: they measure contributions not yet paid and explain certain provisions.

Contents of the accounts file

Documents published each year
DocumentContentAudience
ReviewAssets, liabilities, equityAll
Income statementIncome and expenses for the yearAll
Cash flowsInflows and outflows of fundsAll
NotesMethods, commitments, subsequent eventsAll
Detail by directorateExpenses broken downMember States

Milestones

  1. Closing

    Closing of the books.

  2. Security check

    Work of the external auditor.

  3. Examination

    Finance and Audit Committee.

  4. Publication

    Accounts online.

The auditor's opinion

Seal Color Box (1662–1722)
Seal Color Box (1662–1722)
Coin of Demetrios, I (reverse) (200–190 BCE)
Coin of Demetrios, I (reverse) (200–190 BCE)
Yokkaichi: View of the Mie River, from the series The Fifty-Three Stations of the Tōkaidō, Utagawa Hiroshige (c. 1833–34)
Yokkaichi: View of the Mie River, from the series The Fifty-Three Stations of the Tōkaidō, Utagawa Hiroshige (c. 1833–34)

Public accounts or member detail

Tetradrachm: Owl, Crescent Moon, Olive Branch (reverse) (480–449 BCE)

Public version

Consolidated accounts
  • Accessible to all
  • Four financial statements
  • The auditor's opinion

For every reader.

Plaque (1500s–1600s)

Member version

Detail by directorate
  • Member area
  • Expenses broken down
  • Project tracking

For the States.

Consulting the accounts

  1. Choose

    The financial year you want.

  2. Read

    The auditor's opinion.

  3. Browse

    The balance sheet and the result.

  4. View

    The notes.

  5. Ask

    A question to the Secretariat.

Reading checklist

A statutory auditor (example)

Coin of Eukratides I (170–145 BCE)
« Our independence is our only guarantee. We answer to the States, not to the Administration. »
Hugo Lemaire-Dubois, statutory auditor (example)

Vocabulary

Review
Snapshot of assets at a given date.
Equity
Lasting resources of the Organization.
Receivable
Sum owed to the Organization.
Earmarked funds
Sums set aside for a project.

Earmarked funds in detail

Project grants are recorded separately. Each project has its own tracking, with a financial report for the donor. Unspent sums are carried forward or returned in accordance with the agreement.

This separation ensures that funds entrusted for a training or restitution programme are not used for current expenditure.

Frequently Asked Questions

Where can the accounts be found?

On this page, no later than 30 June.

Who certifies them?

An external statutory auditor.

What does a qualification mean?

A disagreement or limitation expressed by the auditor.

And internal control?

See Audit.

Useful Documents

Contacts

Egypt and Nubia, Volume I: The Great Temple of Aboo-Simble, Nubia, Louis Haghe (1846)
Egypt and Nubia, Volume I: The Great Temple of Aboo-Simble, Nubia, Louis Haghe (1846)
General SecretariatParis — Headquarters+33 1 00 00 00 00secretariat@oimap.exampleMonday to Friday, 9 a.m. – 5 p.m.

See the audit

Creamer, Louis Rorimer (c. 1910)

Internal and external controls.

Audit
Image credits (17)
▲