Market Monitoring 25 A staff member is trained in MARKit or a similar price/ MARKit or other market monitoring toolkit. [inflation/ indirect beneficiary monitoring guidance impact] 26 Price monitoring and analysis is used to identify potential MARKit or other market manipulation, and check program appropriateness. monitoring guidance [inflation/ indirect beneficiary impact; fraud] 27 [For fairs only] Vendors’ inventory is checked at the start and CRS MQ guidance the end of the fair/market and is compared to the value of vouchers received. [fraud] 28 Project uses ghost/mystery shoppers to observe cash CRS MQ guidance transfers and vendor compliance with project regulations. [security/ protection; fraud] 29 Project uses project staff to observe transaction on fairs on CRS MQ guidance shopping days. [fraud] 30 Project conducts Post Distribution Monitoring to verify cash CRS MBRRR Training use by beneficiaries. [diversion; fraud] Financial Controls (General) 31 Corruption risks have been evaluated, and steps taken to mitigate them. [fraud] 32 CRS finance staff are trained in fiscal controls and standards CRS procurement for cash programs. [fraud] guidance; CRS MQ guidance Reconciliation 33 Project keeps detailed records of cash/voucher/card CRS MQ guidance; CRS distributions. [loss; fraud] Procurement Manual 34 Project keeps detailed records of market transactions. [loss; CRS MQ guidance; CRS fraud] Procurement Manual 35 Regular (weekly/monthly) reconciliation is done between the CRS MQ guidance; CRS value of cards/ vouchers issued and vendor value of Procurement Manual payments made to vendors. [loss; fraud] 36 CRS staff are trained in how to handle losses. [loss; fraud] CRS Procurement Manual Staff capacity
Market Monitoring 25 A staff member is trained in MARKit or a similar price/ market monitoring toolkit. [inflation/ indirect beneficiary impact] MARKit or other monitoring guidance 26 Price monitoring and analysis is used to identify potential market manipulation, and check program appropriateness. [inflation/ indirect beneficiary impact; fraud] MARKit or other monitoring guidance 27 [For fairs only] Vendors’ inventory is checked at the start and the end of the fair/market and is compared to the value of vouchers received. [fraud] CRS MQ guidance 28 Project uses ghost/mystery shoppers to observe cash transfers and vendor compliance with project regulations. [security/ protection; fraud] CRS MQ guidance 29 Project uses project staff to observe transaction on fairs on shopping days. [fraud] CRS MQ guidance 30 Project conducts Post Distribution Monitoring to verify cash use by beneficiaries. [diversion; fraud] CRS MBRRR Training Financial Controls (General) 31 Corruption risks have been evaluated, and steps taken to mitigate them. [fraud] 32 CRS finance staff are trained in fiscal controls and standards for cash programs. [fraud] CRS procurement guidance; CRS MQ guidance Reconciliation 33 Project keeps detailed records of cash/voucher/card distributions. [loss; fraud] CRS MQ guidance; CRS Procurement Manual 34 Project keeps detailed records of market transactions. [loss; fraud] CRS MQ guidance; CRS Procurement Manual 35 Regular (weekly/monthly) reconciliation is done between the value of cards/ vouchers issued and vendor value of payments made to vendors. [loss; fraud] CRS MQ guidance; CRS Procurement Manual 36 CRS staff are trained in how to handle losses. [loss; fraud] CRS Procurement Manual Staff capacity