During the audit of the U.S. Agency for Global Media FY 2024 financial statements, the independent external auditor identified weaknesses relating to grantee monitoring; accounting for property, plant, and equipment; and segregation of duties in the property management system.
Management Letter Related to the Audit of the U.S. Agency for Global Media FY 2024 Financial Statements
During the audit of the U.S. Agency for Global Media FY 2024 financial statements, the independent external auditor identified weaknesses relating to grantee monitoring; accounting for property, plant, and equipment; and segregation of duties in the property management system.
Management Letter Related to the Audit of the U.S. Agency for Global Media FY 2024
Financial Statements
(AUD-FM-IB-25-12, February 2025)
Summary of Audit
During the audit of the U.S. Agency for Global Media FY 2024 financial statements, the
independent external auditor identified weaknesses relating to grantee monitoring;
accounting for property, plant, and equipment; and segregation of duties in the property
management system.
1
1701 Duke Street, Suite 500, Alexandria, VA 22314
PH: 703.931.5600, FX: 703.931.3655, www.kearneyco.com
MANAGEMENT LETTER
AUD-FM-IB-25-12
To the U.S. Agency for Global Media Chief Financial Officer Carrying out the Duties and
Functions of the Office of the Chief Executive Officer and the Acting Inspector General:
Kearney & Company, P.C. (referred to as “we” hereafter), audited the financial statements of the
U.S. Agency for Global Media (USAGM) as of and for the year ended September 30, 2024, and issued our report thereon, dated November 15, 2024, 1 in accordance with
- auditing standards generally accepted in the United States of America;
- standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the UnitedStates; and Office of Management and Budget Bulletin 24-02,
- Audit Requirements for Federal Financial Statements. In planning and performing our audit of USAGM’s financial statements,
We considered USAGM’s internal control over financial reporting and compliance with certain
provisions of laws, regulations, contracts, and grant agreements.
Our auditing procedures were designed for the purpose of expressing an opinion on the financial statements and not to provide assurance on internal control over financial reporting or compliance with certain provisions oflaws, regulations, contracts, and grant agreements.
Accordingly, we do not express an opinion on the effectiveness of USAGM’s internal control over financial reporting or on USAGM’s compliance with certain provisions of laws, regulations, contracts, and grant agreements.
- Our audit report on USAGM’s FY 2024 financial statements2 did not include any material weaknesses related to internal control over financial reporting or any reportable instances of noncompliance.
- Although not considered to be material weaknesses, significant deficiencies, or reportable instances of noncompliance, we noted certain matters involving internal control over financial reporting and noncompliance.
- These findings are summarized in Appendix A and are intended to assist USAGM in strengthening internal controls and compliance and improving operating efficiencies.
We appreciate the courteous and professional assistance provided by USAGM personnel during
our audit.
These findings were discussed in detail with appropriate USAGM officials, and
management’s response to the draft of this report is presented in its entirety in Appendix B.
1 Office of Inspector General, Independent Auditor’s Report on the U. S. Agency for Global Media FY 2024 and
FY 2023 Financial Statements (AUD-FM-IB-25-03, November 2024).
2 Ibid.
2
The purpose of this letter is to communicate the findings identified during the audit, as
summarized in Appendix A, to USAGM management, those charged with governance, and
others within USAGM and the Office of Inspector General. Accordingly, this report is not
suitable for any other purpose.
Alexandria, Virginia
February 11, 2025
