2007, ISBN: 9781234419264

Rarebooksclub.com. Paperback. New. This item is printed on demand. Paperback. 26 pages. Original publisher: Washington, D. C. : U. S. Govt. Accountability Office, 2007 OCLC Number: (OC… Mehr…

Rarebooksclub.com. Paperback. New. This item is printed on demand. Paperback. 26 pages. Original publisher: Washington, D. C. : U. S. Govt. Accountability Office, 2007 OCLC Number: (OCoLC)182537313 Subject: Micronesia (Federated States) -- Foreign economic relations -- United States. Excerpt: . . . Capacity constraints. Staff and skill limitations have constrained the RMIs ability to provide day-to-day monitoring of sector grant operations. However, the RMI has submitted its single audits on time. In addition, although the single audit reports for 2004 and 2005 indicated weaknesses in the RMIs financial statements and compliance with requirements of major federal programs, the government has developed corrective action plans to address the 2005 findings related to such compliance. Lack of communication. Our interviews with U. S. and RMI department officials, private sector representatives, NGOs, and economic experts revealed a lack of communication and dissemination of information by the U. S. and RMI governments on issues such as JEMFAC decisions, departmental budgets, economic reforms, legislative decisions, and fiscal positions of public enterprises. Such lack of information about government activities creates uncertainty for public, private, and community leaders, which can inhibit grant performance and improvement of social and economic conditions. As administrator of the amended compact grants, OIA monitored sector grant and fiscal performance, assessed RMI compliance with compact conditions, and took action to correct persistent shortcomings. For example, since 2004, OIA has provided technical advice and assistance to help the RMI improve the quality of its financial statements and develop controls to resolve audit findings and prevent recurrences. However, OIA has been constrained in its oversight role owing to staffing challenges and time-consuming demands associated with early compact implementation challenges in the FSM. Market volatility and choice of investment strategy could lead to a wide RMI Trust Fund May range of RMI trust f. . . This item ships from La Vergne,TN., Rarebooksclub.com<

2007, ISBN: 9781234419264

RareBooksClub. Paperback. New. This item is printed on demand. Paperback. 26 pages. Original publisher: Washington, D. C. : U. S. Govt. Accountability Office, 2007 OCLC Number: (OCoLC)… Mehr…

RareBooksClub. Paperback. New. This item is printed on demand. Paperback. 26 pages. Original publisher: Washington, D. C. : U. S. Govt. Accountability Office, 2007 OCLC Number: (OCoLC)182537313 Subject: Micronesia (Federated States) -- Foreign economic relations -- United States. Excerpt: . . . Capacity constraints. Staff and skill limitations have constrained the RMIs ability to provide day-to-day monitoring of sector grant operations. However, the RMI has submitted its single audits on time. In addition, although the single audit reports for 2004 and 2005 indicated weaknesses in the RMIs financial statements and compliance with requirements of major federal programs, the government has developed corrective action plans to address the 2005 findings related to such compliance. Lack of communication. Our interviews with U. S. and RMI department officials, private sector representatives, NGOs, and economic experts revealed a lack of communication and dissemination of information by the U. S. and RMI governments on issues such as JEMFAC decisions, departmental budgets, economic reforms, legislative decisions, and fiscal positions of public enterprises. Such lack of information about government activities creates uncertainty for public, private, and community leaders, which can inhibit grant performance and improvement of social and economic conditions. As administrator of the amended compact grants, OIA monitored sector grant and fiscal performance, assessed RMI compliance with compact conditions, and took action to correct persistent shortcomings. For example, since 2004, OIA has provided technical advice and assistance to help the RMI improve the quality of its financial statements and develop controls to resolve audit findings and prevent recurrences. However, OIA has been constrained in its oversight role owing to staffing challenges and time-consuming demands associated with early compact implementation challenges in the FSM. Market volatility and choice of investment strategy could lead to a wide RMI Trust Fund May range of RMI trust f. . . This item ships from La Vergne,TN., RareBooksClub<