Today [5 Sept] ICANN announced the publication of several documents containing financial information in accordance with bylaw requirements. The financial information published relates to ICANN, inclusive of its affiliate Public Technical Identifiers (PTI), and to PTI as a separate entity.
Audited Financial Statements:
ICANN published its FY18 Consolidated Financial Statements, accompanied by the “unqualified” audit report from BDO LLP, the independent auditors, which means that the audit was clean and no material issue was found.
View the ICANN FY18 Audited Financial Statements [PDF, 508 KB]
PTI published its FY18 Financial Statements, accompanied by the “unqualified” audit report from BDO LLP, the independent auditors.
View the PTI FY18 Audited Financial Statements [PDF, 225 KB]
In accordance with the Section 22.3 of ICANN‘s Bylaws, and Section 9.8 of PTI’s Bylaws, these financial statements must be posted within 120 days after the close of the fiscal year, or by 31 October 2018.
ICANN also posted the FY18 Annual Report of Expense Reimbursement and Other Payments to ICANN Directors [PDF, 545 KB] for the period 1 July 2017 through 30 June 2018. This is part of its accountability and transparency commitments, and in accordance with the ICANN Bylaws.
This report includes a description of any payments made by ICANN to and on behalf of Directors, including compensation, reimbursements of expenses, payments made to third-party vendors such as hotels, restaurants, and travel agencies.
In support of a continued commitment to accountability and transparency, these and other financial documents are posted to the ICANN Current Year (FY18) Financial Information page and the Financial Information for Public Technical Identifiers (PTI) page.
ICANN invites the community to review this information and submit questions and comments to: email@example.com.
ICANN‘s mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a not-for-profit public-benefit corporation with a community of participants from all over the world.
Public Technical Identifiers (PTI) is responsible for the operational aspects of coordinating the Internet’s unique identifiers and maintaining the trust of the community to provide these services in an unbiased, responsible, and effective manner. Mainly, PTI is responsible for the operation of the IANA functions:
Public Technical Identifiers (PTI) was incorporated in August 2016 as an affiliate of ICANN, and, through contracts and subcontracts with ICANN, began performing the IANA functions on behalf of ICANN in October 2016.
Learn more about the delivery of the IANA services at iana.org.
This ICANN announcement was sourced from: