Audit of the Inter-American Foundation's Fiscal Years 2019 and 2018 Financial Statements

Audit Report
Report Number

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 (Brown) to conduct the audit; and the Office of the Inspector General provided oversight. The audit objectives were to: (1) express an opinion on whether IAF’s financial statements as of September 30, 2019, and 2018, were presented fairly, in all material respects; (2) evaluate IAF’s internal control; and (3) determine whether IAF complied with applicable laws and regulations. Brown concluded that IAF’s financial statements are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. Brown did not identify any material weaknesses or significant deficiencies in its internal control over financial reporting. In addition, Brown found no instances of noncompliance with applicable laws and regulations.