GUAM FOOTBALL ASSOCIATION

Guam FA embarks on future opportunities, restructure

[March 29, 2018 - Harmon, Guam] All funding received by Guam Football Association through to the end of 2016 have been accounted for and used for intended purposes, as concluded by six different, independent audit reports of the organization, with the final audit officially concluding earlier this month.

Each year, GFA must under undergo an independent audit of its financial statements as mandated by FIFA and AFC, and in addition, an audit of the FIFA and AFC funds it receives. In 2017, the organization went through three additional audits – a FIFA Central Review, an AFC Central Review, and a performance audit by Guam’s Office of Public Accountability (OPA). GFA received a clean audit report of its financial statements for the year ended December 31, 2016 from its external auditors. Recommendations from the audit reports for improvement of GFA’s financial management and governance have already been implemented within GFA’s operating procedures.

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