1. Albin Hubscher Update to the Audit Committee CIAT Board Meeting #63 Nairobi, Kenya, 12 May 2011

2. Year End Closing All accounting activities completed in time FS finalized prior to March 31, 2011 Tax reporting completed in Colombia and USA FS distributed to all donors beginning of April 2

3. 3 High priority action Mid priority action Low priority action E & Y Auditing Matters (Audit Committee November 2010) (Audit Committee November 2010)

4. November 2010March 2011  No Material Weaknesses  No Accounting and Auditing issues  No Material Internal Control Weaknesses  Unqualified opinion External Audit Conclusions (November 2010 / March 2011) (November 2010 / March 2011) 4

5. Internal Audits Internal audits completed without major findings Internal audit services continue to be supplied by IAU IAU has finally a new Director IAU cost to centers for audit services increase to $61,500 IAU budget was recently approved but will most likely require additional appropriation 5

6. 6 Improvements on Financial Matters Increased cost recovery index with projects Accurate Financial System information Implementation of financial policies (Hedging / Investments / Signing of Authority) Development and update of Accounting, Grants Management and Financial procedures in 2011 Follow up on Africa bank reconciliations Review and adjustments of FG guidelines – System wide activity lead by Consortium

7. Financial Information as of March 2011 Financial Information as of March 2011 7

8. Bank Information CIAT, 4-2011 (Colombian Accounts) 8

9. Bank Information CIAT, 4-2011 (International Accounts) 9

10. Bank Information CIAT, 4-2011 (Funds in Trust) 10

11. Back Up slides 11

12. Cash Flow – Actual and Projection (Total Funds) 12

13. Cash Flow – Actual and Projection (CIAT Funds) 13