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

Report of Audit of the Inter-AmericanFoundation’s Financial Statements for theFiscal Year Ended September 30, 2001Audit Report No. 0-IAF-02-004-FMarch 20 2002Washington, DCPage intentionally left blank1U.S. Agency for International DevelopmentOffice of Inspector GeneralFinancial Audits DivisionMEMORANDUMFOR: Mr. David ValenzuelaFROM: IG/A/FA, Alvin A. BrownSUBJECT: Report on Audit of the Inter-American Foundation’s FinancialStatements 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, preparedby the firm of Gardiner, Kamya & Associates, P.C. (GKA), is provided for yourinformation.The auditors formed an unqualified opinion on the financial statements and thereport does not contain findings or recommendations for IAF management.The report prepared by GKA is included in its entirety in Appendix I. Yourcomments from the draft report and draft management report are included inAppendix II. We will issue the management report under separate cover.We appreciate the cooperation and courtesies that your staff extended to mystaff, and to the GKA staff during the audit. If you have questions concerningthis report, please contact Andrew Katsaros at (202) 712-4902.Enclosure (as stated)2This page intentionally left blank3Appendix IPage 1 of 35INTER-AMERICAN FOUNDATION(IAF)FINANCIAL ...