Under OIG?s direction, an independent external auditor audited the International Boundary and Water Commission, U.S. Section?s (USIBWC), financial statements as of September 30, 2002, to report on:
? whether the financial statements fairly present USIBWC?s financial position and results of financial operations in accordance with generally accepted accounting principles,
? to determine whether USIBWC has an internal control structure that provides reasonable assurance of achieving internal control objectives, and
? to determine whether USIBWC complied with applicable laws and regulations. USIBWC is charged by a series of treaties between the governments of the United States and Mexico with the application, regulation, and exercise of the provisions of such agreements for the solution of water and boundary problems along the U.S. Mexico boundary.
For FY 2002, USIBWC reported assets of $357 million. OIG issued an unqualified opinion on the USIBWC principal financial statements as of September 30, 2002. The audit did not identify any instances of noncompliance with laws and regulations that were considered necessary for disclosure
The Office of Electronic Information, Bureau of Public Affairs, manages this site as a portal for information from the U.S. State Department. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein.