Independent Auditor's Report – Audit Objective
Did USAID's principal financial statements present fairly the assets, liabilities, net
position, net costs, changes in net position, budgetary resources, and
reconciliation of net costs to budgetary resources for fiscal years 2005 and 2004?
In our opinion, the financial statements referred to above present fairly, in all material
respects and in conformity with generally accepted accounting principles, USAID's
assets, liabilities, and net position; net costs; changes in net position; budgetary
resources; and reconciliation of net costs to budgetary resources as of September 30,
2005 and 2004 and for the years then ended.
In accordance with Government Auditing Standards, we have also issued reports (dated
November 14, 2005) on our consideration of USAID's internal control over financial
reporting and on our tests of USAID's compliance with certain provisions of laws and
regulations. These reports are an integral part of an overall audit conducted in
accordance with Government Auditing Standards and should be read in conjunction with
this report.
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