Audit of The Research and Conference Fund of the Asia Pacific Initiatives Fund, Asia Pacific Regional

FOREIGN AFFAIRS AND OFFICE OF THEINTERNATIONAL TRADE INSPECTOR GENERALAUDITOFTHE RESEARCH AND CONFERENCE FUNDOF THE ASIA PACIFIC INITIATIVES FUNDASIA PACIFIC REGIONAL PLANNINGAND COORDINATION UNIT (PNSP)OTTAWASEPTEMBER, 2001Audit Division ( SIV )TABLE OF CONTENTSEX EC U TIVE SU M M AR Y ............................................... 1INTRODUCTION ..................................................... 31.1 Ov er v iew ................................................... 3OBJECTIVES, SCOPE AND METHODOLOGY .............................. 42.1 Objec tiv es .................................................. 42.2 Scope and Sampling Strategy .................................. 42.3 Methodology ................................................ 5FINDINGS .......................................................... 63.1 Ov er v iew 63.2 Process and Program Management and Administration ............... 63.3 Program Budget and Expenditures ............................... 83.4 Project Application, Eligibility, Review and Approval ................. 103.5 The C ontr ibution Ag r eement................................... 123.6 Monitoring and Reporting ..................................... 13AN N EX A 15C H EC KLIST OF R EVIEW C R ITER IA 15EXECUTIVE SUMMARYBackgroundIn July and August 2000, the Internal Audit Division (SIV) conducted anaudit of the Research & Conference Fund (RCF), a program element of the Asia PacificInitiatives (API) Fund. The ...