Audit Reports
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Required by the Government Corporation Control Act of 1945 and the Chief Financial Officers Act of 1990
January 31, 2022
Management Letter Report on the Great Lakes Saint Lawrence Seaway Development Corporation’s Audited Financial Statements for Fiscal Years 2021 and 2020
Project ID:
FS2022019
What We Looked At
In accordance with the Government Corporation Control Act of 1945, we audited the financial statements of the Great Lakes Saint Lawrence Seaway Development Corporation (GLS), a U.S. Government corporation, as of and for the years ended September 30, 2021 and September 30, 2020. We are now issuing a management letter that discusses control matters that we were not required to include in our audit report.
What We Found
We found three internal control matters based on interim testing of GLS’s Operating Expenses, Minority Bank Certificates of Deposits, and Inventory.
Recommendations
We made seven recommendations. GLS concurred with all seven recommendations.
Recommendations
Open
Closed
2022
Closed on 03.07.2023
2022
Closed on 03.07.2023
2022
Closed on 03.08.2023
2022
Closed on 03.08.2023
2022
Closed on 03.23.2023
2022
Closed on 09.19.2023
2022
Closed on 03.23.2023
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