Independent Auditors' Report on the St. Lawrence Seaway Development Corporation's Financial Statements for Fiscal Years 2018 and 2017

What We Looked AtIn accordance with the Government Corporation Control Act of 1945, we audited the financial statements of the Saint Lawrence Seaway Development Corporation (SLSDC), a U.S. Government Corporation, as of and for the years ended September 30, 2018, and September 30, 2017.What We FoundIn our opinion, SLSDC's financial statements present fairly, in all material respects, SLSDC's financial position as of September 30, 2018, and September 30, 2017, and its statements of operations and changes in cumulative results of operations, cash flows, budgetary resources and actual expenses, and changes in equity of the U.S. Government for the years then ended, in accordance with U.S. generally accepted accounting principles. We found no material weaknesses in internal control over financial reporting based on the limited procedures we performed. However, we did identify a significant deficiency. In addition, we found no reportable noncompliance for fiscal year 2018, with provisions of applicable laws, regulations, and contracts we tested.RecommendationsWe made three recommendations to help SLSDC strengthen its controls over property, plant, and equipment reporting.