Audit of the Inter‐American Foundation’s Fiscal Year 2018 and 2017 Financial Statements

The Bureau of Fiscal Services, Department of the Treasury, contracted with the independent certified public accounting firm of Brown & Company, CPAs and Management Consultants PLLC to conduct an audit of IAF’s financial statements for fiscal years 2018 and 2017. We provided oversight of the audit. Brown concluded that IAF’s financial statements for the fiscal years ending September 30, 2018, and 2017, were presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. The audit firm did not identify any material weaknesses or significant deficiencies in IAF’s internal control over financial reporting. In addition, Brown found no instances of noncompliance with applicable provisions of laws, regulations, contracts, and grant agreements. The audit firm made no recommendations.