Management Report Prepared in Connection with the Audit of the Inter-American Foundation’s Financial

Management Report Prepared in Connection with the Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September 30, 2001 Audit Report No. 0-IAF-02-005-F March 20, 2002 Washington, D.C. 1U.S. Agency for International Development Office of Inspector General Financial Audits Division MEMORANDUM FOR: Mr. David Valenzuela FROM: IG/A/FA, Alvin A. Brown SUBJECT: Management Report Prepared in Connection with the Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September 30, 2001 (Report No. 0-IAF-02-005-F) The enclosed management report prepared by Gardiner, Kamya & Associates, P.C. (GKA) in connection with the Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September 30, 2001, is provided for your information. The auditors made three separate observations with three corresponding recommendations in the enclosed report. The management report prepared by GKA is included in its entirety in Appendix I. Your comments from the report are included in Appendix II. Based on the comments provided, we consider final management decisions to have been reached on each of the three recommendations included in this report. We appreciate the cooperation and courtesies that your staff extended to my staff, and to the GKA staff during the audit. If you have questions concerning this report, please contact Andrew Katsaros at (202) 712-4902. ...