Management Letter for the Audit of the Community Development Financial Institutions Fund’s Fiscal Years 2012 and 2011 Financial Statements.

摘要

In planning and performing our audit of the financial statements of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (the CDFI Fund), as of and for the year ended September 30, 2012, in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Office of Management and Budget (OMB) Bulletin No. 07-04, Audit Requirements for Federal Financial Statements, as amended, we considered the CDFI Fund’s internal control over financial reporting (internal control) as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements but not for the purpose of expressing an opinion on the effectiveness of the CDFI Fund 's internal control. Accordingly, we do not express an opinion on the effectiveness of the CDFI Fund’s internal control. During our audit we noted a certain matter involving internal control and operational matters that is presented for your consideration. This comment and recommendation, all of which have been discussed with the appropriate members of management, are intended to result in other operating efficiency and are summarized in the attached Appendix A. The CDFI Fund’s written response to our comments and recommendations (also in Appendix A) has not been subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it. Our audit procedures are designed primarily to enable us to form an opinion on the financial statements, and therefore may not bring to light all weaknesses in policies or procedures that may exist. We aim, however, to use our knowledge of the CDFI Fund’s organization gained during our work to make comments and suggestions that we hope will be useful to you.