Fiscal Year 2021 Financial Statements Management Letter
Report Information
Recommendations
Strengthen existing controls to ensure that all loan activity, which is guaranteed by EXIM, is included and reviewed in the monthly related party reconciliation.
Define the methodology and frequency in which POA&Ms should be updated.
Ensure completion of required/related fields to enable accurate reporting of items needing improvement.
EXIM management update and implement to outline that the review shall be independently conducted.