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

NFA Transmittal
Report Number
4‐669‐19‐001‐N
4-669-19-001-N.pdf88.14 KB

Recommendations

Recommendation
1

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.

Questioned Cost
338,880
Close Date
Recommendation
2

USAID/Liberia verify that Building Markets corrects the four significant deficiencies in internal control detailed on pages 34 to 38 of the audit report.

Questioned Cost
0
Close Date
Recommendation
3

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.

Questioned Cost
0
Close Date
Recommendation
4

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.

Questioned Cost
791,643
Close Date