Home » Management Discussion and Analysis » Performance Section » Financial Section » Appendices »
	Cover Letter Summary of Results Background Audit Objective Report on USAID's Financial Statements Report on Internal Control Accruals Reporting System Process for Reconciling Fund Balance with the U.S. Treasury Intragovernmental Transactions Process for Recognizing and Reporting Overseas Accounts Receivable Report on Compliance with Laws and Regulations Reportable FFMIA Noncompliance Evaluation of Management Comments Appendix I - Scope and Methodology Appendix II - Management Comments Appendix III - Status of Prior Year Findings and Recommendations
	Advanced search... Search USAID Personnel... Search USAID Documents...

Independent Auditor's Report – Background

The United States Agency for International Development (USAID) was created in 1961 to advance the United States' foreign policy interests by promoting broad-based sustainable development and providing humanitarian assistance. USAID has an overseas presence in over 80 countries, 38 of which have operational accounting stations. In fiscal year 2005, USAID had total budgetary resources of $13.1 billion.

Under the Government Management Reform Act of 1994, USAID is required to annually submit audited financial statements to the Office of Management and Budget (OMB) and the U.S. Treasury. Pursuant to this Act, for fiscal year 2005, USAID has prepared the following:

• Consolidated Balance Sheet,
• Consolidated Statement of Changes in Net Position,
• Consolidated Statement of Net Cost,
• Combined Statement of Budgetary Resources,
• Consolidated Statement of Financing,
• Notes to the principal financial statements,
• Other Required Supplementary Information, and
• Management's Discussion and Analysis.

Back to Top ^ | < Previous Page | Next Page >