Follow-up Audit of the Agreed-Upon-Procedures Review of the Southern

OFFICE OF INSPECTOR GENERALFOLLOW-UP AUDIT OF THE AGREED-UPON-PROCEDURES REVIEW OF THE SOUTHERN AFRICA ENTERPRISE DEVELOPMENT FUND AUDIT REPORT NO. 4-690-07-009-P AUGUST 28, 2007 PRETORIA, SOUTH AFRICA Office of Inspector General August 28, 2007 MEMORANDUM TO: USAID/South Africa Mission Director, Carleene Dei FROM: Regional Inspector General/Pretoria, Nathan S. Lokos /s/ SUBJECT: Follow-up Audit of the Agreed-Upon-Procedures Review of the Southern Africa Enterprise Development Fund (Audit Report No. 4-690-07-009-P) This memorandum transmits the Office of Inspector General’s final report on the subject audit. The report does not make any recommendations. USAID/Southern Africa’s management comments dated July 24, 2007, were received on August 16, 2007. These comments are included as Appendix II of this report. I sincerely appreciate the cooperation and courtesy extended to my staff during this audit. U.S. Agency for International Development 100 Totius Street Groenkloof X5 P.O. Box 43, Groenkloof 0027, Pretoria, South Africa www.usaid.gov CONTENTS Summary of Results ....................................................................................................... 1 Background ..................................................................................................................... 2 Audit Objective.................................................................................................................. 3 Audit ...