Page 58 - USTDA_2020_Annual_Report

U.S. TRADE AND DEVELOPMENT AGENCY
OTHER INFORMATION
As of and for the year ended September 30, 2020
Summary of the Financial Statement Audit and Management’s Assurances Table 1: Summary of Financial Statement Audit:
Audit Opinion
Unmodified
Restatement
No
Material Weaknesses
Beginning Balance
New
Resolved
Consolidated
Ending Balance
Ineffective Controls over Management’s Review of Financial Statements
1
Ineffective Controls over Management’s Review of Accounts Payable
0
1
0
0
Total Material Weaknesses
0
2
0
0
Table 2: Summary of Management Assurances:
Effectiveness of Internal Control over Financial Reporting (FMFIA § 2)
Statement of Assurance
Unmodified
Material Weaknesses
Beginning Balance
New
Resolved
Consolidated
Reassessed
Ending Balance
Ineffective Controls over Management’s Review of Financial Statements
1
Ineffective Controls over Management’s Review of Accounts Payable
1
Total Material Weaknesses
0
2
0
0
0
0
Effectiveness of Internal Control over Operations (FMFIA § 2)
Statement of Assurance
Unmodified
Beginning Balance
New
Resolved
Consolidated
Reassessed
Ending Balance
Material Weaknesses
0
0
0
0
0
0
Total Material Weaknesses
0
0
0
0
0
0
Conformance with Financial Management Systems Requirements (FMFIA § 4)
Statement of Assurance
Systems conform to financial management system requirements
Beginning Balance
New
Resolved
Consolidated
Reassessed
Ending Balance
Non-Conformances
0
0
0
0
0
0
Total Non-Conformances
0
0
0
0
0
0
56 U.S. TRADE AND DEVELOPMENT AGENCY ANNUAL REPORT 2020