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ICANN Releases Report of Independent Auditors

(10 November 2000) Marina del Rey, CA. ICANN today released the report of its independent auditors, KPMG, LLP, on its financial statements for the fiscal year ending June 30, 2000.

Commenting on the report and statements, ICANN Director Linda Wilson, Chair of the Board's Audit Committee, said, "The successful completion of its first fully audited fiscal year is an important milestone for ICANN on the path to a stable and predictable base of financial support. The recent granting of tax exempt status by the United States Internal Revenue Service and the receipt of a favorable audit opinion from KPMG demonstrate the rapid progress being made toward a sound fiscal condition.

"However, there are challenges still to be dealt with. First, there is a million dollars of debt in the form of short term loans on our balance sheet that must be repaid within the next twelve months. Second, the auditors have qualified their opinion with respect to the amounts due to ICANN from the country code Top Level Domain organizations, which totaled $1.36 million on June 30, 2000. The other members of the Board and I look forward to a mutually satisfactory adoption of registry agreements with country code Top Level Domain organizations to avoid this problem in future years."

The independent auditor's report and financial statements are available at <http://www.icann.org/financials/financial-report-fye-30jun00.htm>.


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Domain Name System
Internationalized Domain Name ,IDN,"IDNs are domain names that include characters used in the local representation of languages that are not written with the twenty-six letters of the basic Latin alphabet ""a-z"". An IDN can contain Latin letters with diacritical marks, as required by many European languages, or may consist of characters from non-Latin scripts such as Arabic or Chinese. Many languages also use other types of digits than the European ""0-9"". The basic Latin alphabet together with the European-Arabic digits are, for the purpose of domain names, termed ""ASCII characters"" (ASCII = American Standard Code for Information Interchange). These are also included in the broader range of ""Unicode characters"" that provides the basis for IDNs. The ""hostname rule"" requires that all domain names of the type under consideration here are stored in the DNS using only the ASCII characters listed above, with the one further addition of the hyphen ""-"". The Unicode form of an IDN therefore requires special encoding before it is entered into the DNS. The following terminology is used when distinguishing between these forms: A domain name consists of a series of ""labels"" (separated by ""dots""). The ASCII form of an IDN label is termed an ""A-label"". All operations defined in the DNS protocol use A-labels exclusively. The Unicode form, which a user expects to be displayed, is termed a ""U-label"". The difference may be illustrated with the Hindi word for ""test"" — परीका — appearing here as a U-label would (in the Devanagari script). A special form of ""ASCII compatible encoding"" (abbreviated ACE) is applied to this to produce the corresponding A-label: xn--11b5bs1di. A domain name that only includes ASCII letters, digits, and hyphens is termed an ""LDH label"". Although the definitions of A-labels and LDH-labels overlap, a name consisting exclusively of LDH labels, such as""icann.org"" is not an IDN."