MCC Complied in Fiscal Year 2017 With the Improper Payments Elimination and Recovery Act of 2010

Audit Report
Report Number
M-000-18-004-C

We contracted with the independent certified public accounting firm CliftonLarsonAllen LLP to determine whether the Millennium Challenge Corporation complied with the Improper Payments Elimination and Recovery Act of 2010 (IPERA), legislation designed to reduce erroneous payments by Government agencies. The audit firm concluded that MCC complied with the requirements of IPERA for fiscal year 2017. However, to help strengthen MCC’s internal controls over its risk assessment methodology and overpayment recapture reporting, the audit firm made and OIG agreed with three recommendations. Both the audit firm and OIG considered the recommendations resolved but open pending the completion of planned activities.

m-000-18-004-c.pdf745.27 KB

Recommendations

Recommendation
1

MCC's Department of Administration and Finance Update its "Improper Payment Requirements under OMB Circular A-123 Appendix C Financial Management Division Procedure Manual" and risk assessment tool to:
Provide clear guidance and criteria on how each risk factor is to be assessed and documented by fund.
Include requirements as to the nature and sufficiency of supporting documentation.

Questioned Cost
0
Close Date
Recommendation
2

MCC's Department of Administration and Finance implement a procedure to review improper payments reported against the supporting documentation.

Questioned Cost
0
Close Date
Recommendation
3

MCC's Department of Administration and Finance Include all forms of payments in the amounts reported for recapture in its Agency Financial Report.

Questioned Cost
0
Close Date