Financial Audit of the Feed the Future India Africa Innovation Transfer Platform Project, Managed by Ashwattha Advisors Private Limited, Cooperative Agreement AID‐386‐A‐14‐00002, April 1, 2016, to March 31, 2017
USAID/India determine the allowability of $714,822 in questioned costs ($713,989 ineligible, and $56 plus $777 unsupported) on pages 27 and 58 of the audit report and further detailed on page 2 of this memorandum, and recover any amount that is unallowable.
USAID/India establish the amounts of the salary increments without approval documents, salary payments that were not fully supported, and service tax paid on project expenses as discussed on pages 2 and 3 of this memorandum and further detailed in IC Finding 23 on page 76, NC Finding 11 on page 85, and item 3 on page 100 of the management letter, respectively; determine allowability and recover, as appropriate.
USAID/India determine the allowability of and recover, as appropriate, the questioned cost-sharing contributions of $47,056 (ineligible) identified in the Cost-Sharing Schedule on page 51 and further detailed in Note 3 to the Cost-Sharing Schedule on pages 52-54 of the report.
USAID/India verify that the Ashwattha Advisors Private Limited corrects the thirty-one material weaknesses (IC Findings 1–23 on pages 57–76 of the audit report) and six significant deficiencies in internal control (QC Findings 3–6 on pages 40–47 of the audit report and Items 1–2 on page 99 of the management letter).
USAID/India verify that the Ashwattha Advisors Private Limited corrects the nine material instances of noncompliance (NC Findings 1, 2, 6, 11, 12F, 16 and 17 on pages 79–82, 85, 88, and 92–98 of the audit report, Note 3 to the Cost-Sharing Schedule on pages 52–54 of the audit report and item 3 on page 100 of the management letter).