Audit Committee Statement

As the Audit Committee, we have reviewed the financial statement submitted by the FTAA treasurer, Mr. Selcuk Alemdar, and have identified discrepancies that prevent us from approving the report at this time. These discrepancies include:

1. Expenditures made without corresponding invoices from merchants.

2. Payments made to performers at the ball event on October 27, 2024, without valid agreements.

The lack of proper documentation raises concerns about the accuracy and professionalism of the financial statement, which could jeopardize our nonprofit status in the event of an IRS audit.

We request that the necessary supporting documents be submitted to us by the treasurer at the earliest opportunity.

Signed by

FTAA Audit Committee Members

Fuat Ornarli, Mehmet Akcay. Atilla Orkan