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2007 Accomplishments
Recommendations Made
Based on the outcome of OAGI's investigative findings, PPRAs, and other activities, OAGI proposes recommendations to management, operational departments, executing agencies (EAs), and other entities. These recommendations are intended to
- Strengthen internal and external control mechanisms,
procurement and financial management practices, and project implementation arrangements to prevent fraud and corruption in ADB-financed activities; and
- Increase transparency and overall effectiveness of ADB's operations.
Recommendations from Special Performance and Financial Audit
The audit report and OAGI's internal review resulted in various recommendations, including
- Project administration and budget training for staff of a country office;
- Stringent and regular TA supervision, monitoring, reporting, and record keeping;
- No cash advances to be transferred into staff accounts;
- To do away with staff senior advisor assignments to Governments while working for ADB to avoid potential conflicts of interest; and
- To follow up outstanding operational activities to ensure sustainability of projects.
In addition to the audit findings and OAGI's recommendations that were shared with departments concerned, CWRD developed an action plan to correct deficiencies and address the identified shortcomings.
Recommendations Arising from Investigations
Recommendations from PPRAs
New in 2007 |
Working Together to Prevent Fraud and Corruption
Lessons Learned
As a result of one case wherein ADB found that the authorized representative of a firm was using an alias to commit fraud, COSO took immediate action to strengthen ADB’s requirements during contract negotiation. COSO now requires the winning consulting firm to provide
- A copy of the photo/signature passport page(s) of their authorized representative(s) and
- Relevant written authorization for the representative(s) to negotiate and sign the contract with ADB on behalf of the firm.
In addition, COSO is considering incorporating other appropriate due diligence measures to enhance the integrity of ADB’s recruitment processes. |
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