Audit of USAID's Financial Statements for Fiscal Years 2009 and 2008

Recommendations

Recommendation 1

USAID's Chief Financial Officer intensify efforts to reconcile current monthly transactions with Treasury and identify, track, and resolve legacy differences recorded in the suspense accounts and in other appropriation accounts.

Questioned Cost:
$0
Close Date:
Recommendation 2

The Chief Financial Officer develop and implement procedures to conduct a thorough reconciliation of the outstanding loan balances maintained in its accounting system with those maintained by Midland and those reported by the borrowers.

Questioned Cost:
$0
Close Date:
Recommendation 3

Chief Financial Officer rectify the flaw in the financial accounting system script to ensure that payments made for amounts accrued are applied to the related contract or task order accruals before quarterly accruals are recorded against the original contract obligation in the accounting system.

Questioned Cost:
$0
Close Date: