OPIC Lacks Policy and Procedures To Ensure Compliance With Annual Appropriations Requirements

Recommendation
1

OPIC management develop and implement a policy that documents and formalizes processes and procedures for ensuring compliance with appropriations requirements.

Questioned Cost
0
Funds for Better Use
0
Close Date
Recommendation
2

OPIC management develop and implement a formal system that includes sufficient detail to ensure timely identification, preparation, and submission of deliverables as required by appropriations law and related congressional reports.

Questioned Cost
0
Funds for Better Use
0
Close Date
Recommendation
3

OPIC management based on formal outreach to the House and Senate Committees on Appropriations, internally produce a written determination on the applicability of the following appropriations requirements reviewed in this report, along with any others that require clarification: (1) submission of quarterly financial unobligated balances reports; (2) submission of annual budgeted operating plan; (3) public posting of required reports on the agency website; and (4) congressional notification for assistance activities in Pakistan.

Questioned Cost
0
Funds for Better Use
0
Close Date