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 2006 and 2005?
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, 2006 and 2005 and for the years then ended.
In accordance with Government Auditing Standards, we have also issued reports (dated November 15, 2006) 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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