Report Contents
Summary of Review
An independent external auditor, working on behalf of and under the direction of the Office of Inspector General, audited the International Boundary and Water Commission, United States and Mexico, U.S. Section, (USIBWC) annual financial statements as of, and for the years ended, September 30, 2018 and 2017. The auditor found the consolidated financial statements present fairly, in all material respects, the financial position of USIBWC as of September 30 for both 2018 and 2017 and its net cost of operations, changes in net position, and budgetary resources for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
The auditor found three significant deficiencies in internal control over financial reporting. Specifically, the auditor identified internal control issues with manual preparation of the financial statements, obligation validity and accuracy, and information technology. Additionally, the results of the auditor’s tests disclosed no instances of noncompliance that are required to be reported.