Audit of the Inter-American Foundation’s Fiscal Years 2020 and 2019 Financial Statements

We contracted with the independent certified public accounting firm of Williams, Adley & Company – DC LLP (WA) to conduct an audit of IAFs financial statements for fiscal year 2020. The audit firm of Brown & Company, CPAs and Management Consultants PLLC conducted the audit of IAF financial statements for fiscal year 2019. Both audit firms issued an unmodified opinion. The audit objectives were to: (1) express an opinion on whether IAF’s financial statements as of September 30, 2020 and 2019, were presented fairly, in all material respects; (2) evaluate IAF’s internal control over financial reporting; and (3) determine whether IAF complied with applicable laws and regulations. WA and Brown concluded that IAF’s financial statements are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. In addition, the audit firms did not identify any material weaknesses or significant deficiencies in IAF internal control over financial reporting or instances of noncompliance with applicable laws and regulations.