Audit of the African Development Foundation’s Financial Statements, Internal Controls, and Compliance

Audit of the African Development Foundation’s Financial Statements, Internal Controls, and Compliance for the Fiscal Year Ended September 30, 2002 Audit Report No. 0-ADF-03-003-C January 29, 2003 Washington, D.C. This page intentionally left blank. January 29, 2003 MEMORANDUM FOR: African Development Foundation President, Mr. Nathaniel Fields FROM: IG/A/FA, Alvin A. Brown /s/ SUBJECT: Audit of the African Development Foundation’s Financial Statements, Internal Controls, and Compliance for the Fiscal Year Ended September 30, 2002 (Report No. 0-ADF-03-003-C) We contracted with the independent certified public accounting firm of Leonard G. Birnbaum and Company, LLP (LGB) to audit the financial statements of the African Development Foundation as of September 30, 2002 and for the year then ended. The contract required that the audit be done in accordance with generally accepted government auditing standards; Office of Management and Budget’s (OMB) Bulletin, Audit Requirements for Federal Financial Statements; and the General Accounting Office/President’s Council on Integrity and Efficiency Financial Audit Manual. In its audit of the African Development Foundation (ADF), the LGB auditors found: • that the financial statements were fairly presented, in all material respects, in conformity with U.S. generally accepted ...