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	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
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Independent Auditor's Report – Evaluation of Management Comments

We have received USAID's management comments to the findings and recommendations included in our draft report. We have evaluated USAID management comments on the recommendations and have reached management decisions on all three recommendations. The following is a brief summary of USAID's management comments on each of the three recommendations included in this report and our evaluation of those comments.

Recommendation No. 1

USAID management agreed with Recommendation No. 1, commenting that corrective action has been taken and will be evaluated further during the first quarter of fiscal year 2006. We agree with the management decision on this recommendation and will review USAID's implementation during our fiscal year 2006 financial statement audit.

Recommendation No. 2

USAID agreed with Recommendation No. 2 and expects to update the software that will improve its reconciliations, by September 30, 2006. We agree with the management decision on this recommendation and will review USAID's implementation of this recommendation during our fiscal year 2006 financial statement audit.

Recommendation No. 3

USAID agreed with Recommendation No. 3 and plans to conduct quarterly evaluations of Trading Partner 99 transactions by February 15, 2006. We agree with the management decision on this recommendation and will review USAID's implementation during our fiscal year 2006 financial statement audit.

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