As part of its annual workplan, the Office of Internal Audit conducted an audit of WFP's management of financial service providers, covering the period from 1 January 2023 to 30 June 2024. The audit focused on governance, risk management, financial sector and financial service provider assessments, and the onboarding of non-traditional financial service providers. During the audit period, WFP delivered USD 3.9 billion in cash-based transfers: USD 2.7 billion of which was through financial service providers. Management of financial service providers involves cross-functional coordination, with responsibilities and accountabilities across headquarters, regional bureaux and country offices.
Based on the results of the audit, the Office of Internal Audit reached an overall conclusion of some improvement needed.
Based on the results of the audit, the Office of Internal Audit reached an overall conclusion of some improvement needed.