PTI Board – Approved Resolutions from 29 March 2021 Special Meeting
Appointment of Independent Audit Firm for FY21
ARTICLE 9 Section 9.1 of the PTI Bylaws (https://pti.icann.org/bylaws#article9) requires that after the end of the fiscal year, the books of PTI must be audited by certified public accountants, which shall be appointed by the Board.
Whereas, the Board Audit Committee has discussed the engagement of the independent auditor for the fiscal year ending 30 June 2021 and has recommended that the Board authorize the President, or his designee(s), to take all steps necessary to engage BDO USA, LLP.
Resolved (PTI.2021.03.29.01), the Board authorizes the President, or his designee(s), to take all steps necessary to engage BDO USA, LLP as the audit firm for the financial statements for the fiscal year ending 30 June 2021.
Rationale for Resolution PTI.2021.03.29.01
The audit firm BDO USA, LLP was engaged for the ICANN annual independent audits for the fiscal years ending 30 June 2014 through 30 June 2020 and BDO USA, LLP was also engaged for PTI's independent audits for the fiscal years ending 30 June 2017 through 30 June 2020. Based on the report from staff and the Audit Committee's evaluation of the rationale, the committee has unanimously recommended that the Board authorize the President, or his designee(s), to take all steps necessary to engage BDO USA, LLP as PTI's annual independent audit firm for the fiscal year ending 30 June 2021 for any annual independent audit requirements in any jurisdiction.
The engagement of an independent audit firm is in fulfilment of PTI's obligations to undertake an audit of PTI's financial statements. This furthers PTI's accountability to its Bylaws and processes, and the results of the independent auditor's work will be publicly available. There is a fiscal impact to the engagement that has already been accounted for in the budget. There is no impact on the security or the stability of the DNS as a result of this appointment.
This is an Organizational Administrative Function not requiring public comment.