Audit of the Statement of Inflows and Outflows of the Dollar Separate Account, Egypt’s Sector Policy Reform Program, Implemented by Government of Egypt, Ministry of International Cooperation, Grant Agreement 263-K-644, July 1, 2020, to September 30, 2021

NFA Transmittal

Report Number

8-263-24-001-N

Oct 26, 2023

8-263-24-001-N.pdf271.28 KB

Recommendations

Recommendation

Determine the allowability of $13,156,227, in questioned unsupported costs on pages 11-22 of the audit report and recover any amount that is unallowable.

Questioned Cost

13156227

Funds for Better Use

Recommendation

Corrects the four material instances of noncompliance detailed on pages 26-30, of Audit & Consulting, Essam Eldin & Co-EMA report.

Questioned Cost

Funds for Better Use