Review of Iraq Relief and Reconstruction Fund Unmatched Disbursements at the Department of State

Review of Iraq Relief and Reconstruction Fund Unmatched Disbursements at the Department of State
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Total Pages: 15
Release: 2007
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This report discusses the results of the Special Inspector General for Iraq Reconstruction (SIGIR) review of internal controls over disbursements of Iraq Relief and Reconstruction Funds (IRRF) apportioned to the Department of State (DoS). On January 30, 2007, we reported the results of our reviews of internal controls related to disbursements of IRRF funds at the Department of Defense (DoD) and the U.S. Agency for International Development (USAID) [Review of Iraq Relief and Reconstruction Fund Unmatched Disbursements (SIGIR-06-043, January 30, 2007)]. At that time, we announced that a separate audit of unmatched disbursements at DoS would be performed due to the lack of access to data needed for our initial review, which included DoS. These are the results of our separate audit. We found that DoS has adequate internal controls to minimize the occurrence of unmatched disbursements of IRRF funds. We tested DoS's internal controls for a sample of the approximately $1.6 billion in funds obligated, and $1.3 billion in funds disbursed, as of September 30, 2006. In general, we found, that IRRF obligations and disbursements recorded in DoS's accounting system were supported by proper documentation; and that disbursements could be properly matched to existing obligations.

Review of Iraq Relief and Reconstruction Fund Unmatched Disbursements

Review of Iraq Relief and Reconstruction Fund Unmatched Disbursements
Author:
Publisher:
Total Pages: 16
Release: 2007
Genre:
ISBN:
GET BOOK

This review was announced on July 21, 2006, with the overall objective to determine the amount of IRRF unmatched disbursements, and whether U.S. government agencies have established adequate management controls over IRRF 1 and IRRF 2 unmatched disbursements. To accomplish this objective, we addressed these questions: 1) How much of the IRRF monies have been identified as unmatched disbursements? 2) How often are unmatched disbursements reviewed by government officials, and who makes the determination that the disbursement was an IRRF expenditure? 3) Have IRRF unmatched disbursements subsequently been identified to other IRRF projects? 4) What management controls are in place to eliminate and resolve unmatched disbursements? Our results were limited to an assessment of DoD and USAID because DoS officials did not provide access to the detailed IRRF obligations and disbursements data needed for our review. DoD and USAID have effective internal controls to prevent unmatched disbursements. We tested DoD controls over $9.2 billion in disbursements and found, in all instances that DOD disbursements could be matched with obligations in accounting records. Similarly, we tested USAID s controls over $4.3 billion in disbursements and found no unmatched disbursements.