Home » Management Discussion and Analysis » Performance Section » Financial Section » Other Accompanying Information » Appendices »
	Cover Letter Summary of Results Background Audit Objective Report on USAID's Financial Statements Report on Internal Control Accruals Reporting System Process for Reconciling Fund Balance with the U.S. Treasury Intragovernmental Transactions Controls Over Treasury Symbols Need Improvement Process for Accumulating Foreign Currency Information Support/Quality of Data Used in the MD&A Need Improvement Report on Compliance with Laws and Regulations Account De-obligation and Closing Processes Need Improvement Lease Obligation Antideficiency Act Violations Evaluation of Management Comments Appendix I - Scope and Methodology Appendix II - Management Comments Appendix III - Status of Prior Year Findings and Recommendations
	Advanced Search... Search USAID Personnel... Search USAID Documents...

Independent Auditor's Report – Evaluation of Management Comments

We have received USAID’s management comments to the findings and recommendations included in our draft report. We have evaluated USAID management comments on the recommendations and have reached management decisions on all of the recommendations. The following is a brief summary of USAID’s management comments on each of the recommendations included in this report and our evaluation of those comments.

USAID management agreed to implement Recommendation No. 1.1 and have already begun a reconciliation effort for January 2007.

USAID management agreed to implement Recommendation No. 1.2 and has agreed to enhance training and identify other means to develop effective accruals practices

USAID management has agreed to implement Recommendation No. 2.1 and will review its current procedures for consistency with Treasury guidance

USAID management has agreed to implement Recommendation No. 2.2.

USAID management has agreed to implement Recommendation No. 3 and intends to identify processes that will ensure that all types of transactions are properly posted.

USAID management has agreed to implement Recommendation No. 4 and will coordinate the validation of accounting information between USAID’s missions and its central accounting ledgers.

USAID management has agreed to implement Recommendation No. 5 and will reestablish policies and procedures to ensure that accurate performance information is documented and that required data quality assessments are performed.

USAID management has agreed to implement Recommendation No. 6. Efforts to improve the overall management of Section 511 funding are underway.

USAID management has agreed to implement Recommendation No. 7. The CFO will issue an immediate General Notice reminding all Agency personnel of the necessity to ensure that all legal, regulatory, and internal USAID policies are followed for compliance with funds control practices.

Back to Top ^ | < Previous Page | Next Page >