Review of Stage 2 Risk Assessments for the Latin America and Caribbean Region Under Local Solutions

Recommendations

Recommendation 1

USAID/Barbados update its completed Stage 2 risk assessment by conducting a financial review that tests the effectiveness of operational controls of all public financial management systems critical to program implementation and identifies both risks and appropriate risk mitigation actions.

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Recommendation 2

USAID/Barbados assess the potential risk of all the issues noted in work papers but not disclosed or evaluated in the assessment report, and determine what mitigation measures are necessary.

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Recommendation 3

USAID/Honduras implement a risk mitigation plan to address the lack of documentation for the Millennium Challenge Account financial system.

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Recommendation 4

The Office of the Chief Financial Officer update and reissue Stage 2 guidance to clarify the requirement for a completed questionnaire on any future risk assessments, and other requirements.

Questioned Cost:
$0
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