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Fiscal Year 2021 Financial Statements Management Letter

Report Information

Date Issued
Report Number
OIG-AR-22-03
Report Type
Audit
Joint Report
Yes
Participating OIG
Export-Import Bank of the United States OIG
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0

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.