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.