Report of Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September

Report of Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September 30, 2001 Audit Report No. 0-IAF-02-004-F March 20 2002 Washington, DC Page intentionally left blank 1 U.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: Report on Audit of the Inter-American Foundation’s Financial Statements for the Fiscal Year Ended September 30, 2001 (Report No. 0-IAF-02-004-F) The enclosed Report on the Audit of the Inter-American Foundation’s (IAF’s) Financial Statements for the Fiscal Year Ended September 30, 2001, prepared by the firm of Gardiner, Kamya & Associates, P.C. (GKA), is provided for your information. The auditors formed an unqualified opinion on the financial statements and the report does not contain findings or recommendations for IAF management. The report prepared by GKA is included in its entirety in Appendix I. Your comments from the draft report and draft management report are included in Appendix II. We will issue the management report under separate cover. 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. Enclosure (as stated) 2 This page intentionally left blank 3 Appendix I Page 1 of 35 ...