Audit of USAID Egypt’s Financial Services Project

OFFICE OF INSPECTOR GENERAL AUDIT OF USAID/EGYPT’S FINANCIAL SERVICES PROJECT AUDIT REPORT NO. 6-263-10-002-P November 30, 2009 CAIRO, EGYPT Office of Inspector General November 30, 2009 MEMORANDUM TO: USAID/Egypt Mission Director, Hilda Arellano FROM: Regional Inspector General/Cairo, Jacqueline Bell /s/ SUBJECT: Audit of USAID/Egypt’s Financial Services Project (Report No. 6-263-10-002-P) This memorandum transmits our final report on the subject audit. In finalizing the report, we carefully considered your comments on the draft report, and have included the mission’s comments in their entirety in appendix II, without attachments. This report includes three recommendations to strengthen program management. Based on your comments and the documentation provided, we consider that management decisions have been reached for recommendations 1, 2, and 3. A determination of final action will be made by the Audit, Performance and Compliance Division (M/CFO/APC) upon completion of the planned corrective actions. Thank you for the cooperation and courtesy extended to the audit team during this audit. U.S. Agency for International Development USAID Office Building 1/A Ahmed Kamel off El-Laselki St. New Maadi, Cairo, Egypt www.usaid.gov/oig CONTENTS Summary of Results ............................................ ...