Tuesday, November 06, 2018

ICANN publishes 2018 financial statement - ITREALMS

The Internet Corporation for Assigned Names and Numbers (ICANN) has published several documents containing financial information in accordance with bylaw requirements, reports ITREALMS.

The financial information published, ITREALMS gathered, relates to ICANN and inclusive of its affiliate Public Technical Identifiers (PTI), as well as PTI as a separate entity.

Also, ITREALMS reports that ICANN published its Financial Year 2018 (FY18) Consolidated Financial Statements on Monday, November 5, this year, was 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.

Equally, ITREALMS reports that PTI published its FY18 Financial Statements, accompanied by the "unqualified" audit report from BDO LLP, the independent auditors.

This, ICANN said, is 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 shared the FY18 Annual Report of Expense Reimbursement and Other Payments to ICANNDirectors [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, just as ICANN invites the community to review this information and submit questions and comments.

ITREALMS recalls that 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 on Domain Names, Number Resources, and Protocol Parameter Assignments.

Additionally, 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.

Chuks Egbune/GEE

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