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

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.

Questioned Cost
0
Close Date
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.

Questioned Cost
0
Close Date
Recommendation
3

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

Questioned Cost
0
Close Date
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
Close Date