HomeResourcesAudit Database Project Compliance RecommendationsVarious Bank Accounts Were Used to Manage Program Expenses - ADS 303

Various Bank Accounts Were Used to Manage Program Expenses - ADS 303

According to USAID’s Mandatory Standard Provisions for Non-U.S. Nongovernmental Recipients (a mandatory reference for Chapter 303 of USAID’s Automated Directives System), the [grantee] should deposit all USAID advance cash payments in a separate bank account and make all disbursements for program goods and services (such as salaries, rent, and supplies) from this account.

General Recommendations

  • Establish and use a dedicated bank account for all program activity.

Source: Review Report No. 1-521-11-001-S  October 29, 2010

The recommendations are derived from audit reports of the Office of the Inspector General. The source refers to the audit report, which is available on this site as part of the Audit Database Project: an educational tool for compliance with USAID regulations.  Please see the disclaimer of this site before using recommendations.

Tags: Grants Management

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