Audit of USAID CAR Kazakhstan’s Microfinance Activities

OFFICE OF INSPECTOR GENERALAUDIT OF USAID/CAR/KAZAKHSTAN’S MICROFINANCE ACTIVITIES AUDIT REPORT NO. 9-901-07-008-P September 24, 2007 WASHINGTON, DC Office of Inspector General September 24, 2007 MEMORANDUM TO: USAID/Central Asia Regional Director, William Frej FROM: IG/A/PA Director, Steven H. Bernstein /s/ SUBJECT: Audit of USAID/CAR/Kazakhstan’s Microfinance Activities (Report No. 9-901-07-008-P) This memorandum transmits the Office of Inspector General’s final report on the subject audit. We have carefully considered your comments on the draft report in finalizing the audit report and have included your response in Appendix II of the report. This report contains four recommendations intended to strengthen USAID/CAR/Kazakhstan’s microenterprise activities. Based on your comments and documentation provided, we consider that final action has been taken on all four recommendations. Again, I want to express my appreciation for the cooperation and courtesy extended to my staff during the audit. U.S. Agency for International Development 1300 Pennsylvania Avenue, NW Washington, DC 20523 www.usaid.gov CONTENTSSummary of Results ....................................................................................................... 1 Background ..................................................................................................................... 2 Audit Objectives .............................................................. ...