ACTIVITY 7-AUDT2

1. Define Recipient Auditing.

- An impartial evaluation of a recipient's compliance with a financing arrangement
is known as a recipient audit. Any or all of the funding agreement's financial and non-
financial aspects may be covered by a recipient audit. These audits can improve the
receivers' responsibility, resource and risk management, and good governance to
enhance the provision of services and activities. Contribution agreements are subject to
recipient auditing because of a conditional quality. Management may also decide to
audit the third, fourth, and so on when contribution agreements let beneficiaries to
create sub-agreements.

2. What is the purpose of program monitoring?

- The description of overall monitoring should show that management has taken
the necessary steps to control the risks for which the mitigation strategy was
implemented. This section should include any actions taken to ensure that the
beneficiary is abiding by the program's terms and conditions and to monitor the program
as a whole. This section's goal is to describe the monitoring that the management will
be responsible for conducting.

3. Discuss the RMAF Integration.

- In order to provide measurement and assessment methodologies for evaluating
the performance of a transfer payment program, the PTP also mandates that
management create a Results-Based Management and Accountability Framework
(RMAF). The complementary RBAF and RMAF publications give managers the tools
and benchmarks for improving program monitoring and reporting. The RBAF and RMAF
naturally relate to the common analytical and planning techniques used by managers to
keep an eye on program operations and performance in this regard. For instance, it is
extremely normal for program managers to think about performance and risk issues at
the same time when determining whether or not program objectives will be met.