Closeout Audit of USAID Resources Managed by Building Markets Ltd. Under Sustainable Market Initiatives‐Liberia Program, Grant Agreement AID‐ 669‐G‐12‐00001, October 1, 2014, to March 4, 2017
USAID/Liberia determine the allowability of $338,880 in questioned costs ($69,559 ineligible and $269,321 unsupported) identified on pages 18 and 24 to 34 of the audit report and recover any amount that is unallowable.
USAID/Liberia verify that Building Markets corrects the four significant deficiencies in internal control detailed on pages 34 to 38 of the audit report.
USAID/Liberia verify that Building Markets corrects the two instances of material noncompliance detailed on pages 33 and 38 to 39 of the audit report.
USAID/Liberia determine the allowability of $791,643 in ineligible cost sharing contributions identified on page 14 of Building Markets' audit report and take action deemed necessary under Automated Directives System 303.3.10.