Audit of USAID's Financial Statements For Fiscal Years 2011 and 2010

Recommendations

Recommendation 1

The Chief Financial Officer accelerate the implementation of the Web-based CART, perform complete and timely fund balance reconciliations in accordance with the procedures established by the U.S. Department of the Treasury, and maintain documentation to adequately support all reconciliations performed.

Questioned Cost:
$0
Close Date:
Recommendation 2.1

The Office of the Chief Financial Officer develop and implement a plan to complete its reconciliation of loan balances in the Phoenix accounting system with the balances maintained in the PNC Enterprise Loan System and

Questioned Cost:
$0
Close Date:
Recommendation 2.2

The Office of the Chief Financial Officer ensure that all Enterprise Loan System transactions transmitted to Phoenix via the interface are properly accounted for and recorded in Phoenix.

Questioned Cost:
$0
Close Date:
Recommendation 3.1

The Chief Financial Officer coordinate with the Office of Acquisition and Assistance and with Bureau Assistant Administrators to initiate targeted reviews of non-GLAAS obligations and batch obligations for automatic deobligatioan for small-dollar obligation balances, travel, operating-expense funded obligations, and program-funded obligations that are older than 5 years;

Questioned Cost:
$0
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Recommendation 3.2

The Chief Financial Officer coordinate with the Office of Acquisition and Assistance and with Bureau Assistant Administrators to utilize services of independent public accounting firms to expedite the close out audit process, and

Questioned Cost:
$0
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Recommendation 3.3

The Chief Financial Officer coordinate with the Office of Acquisition and Assistance and with Bureau Assistant Administrators to ensure that all obligation officials include period of performance dates for all procurement-type awards.

Questioned Cost:
$0
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Recommendation 4.1

The Office of the Chief Financial Officer revise its policy and procedures to ensure that the Financial Management Division reconciles property, plant, and equipment records with those of the Overseas Management Division, the Office of Foreign Disaster Assistance, and the Office of the Chief Information Officer, and researches and resolves discrepancies in a timely manner and

Questioned Cost:
$0
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Recommendation 4.2

The Office of the Chief Financial Officer revise its policy and procedures to ensure that the Financial Management Division coordinates with the Overseas Management Division to obtain quarterly disposal reports when performing the mission data call and data validation.

Questioned Cost:
$0
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Recommendation 5

The Chief Financial Officer develop and implement procedures to ensure that the correct posting model is used when writing off accounts receivable.

Questioned Cost:
$0
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Recommendation 6

The Office of the Chief Financial Officer develop and implement procedures to liquidate all outstanding advances in a timely manner.

Questioned Cost:
$0
Close Date: