Audit of the Senate Barber Shops Revolving Fund for Calendar Year 1980

AFMD-81-81: Published: Aug 6, 1981. Publicly Released: Aug 6, 1981.

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GAO was requested to audit the Senate Barber Shops Revolving Fund for calendar year 1980. GAO examined the balance sheet of the Fund as of December 31, 1980 and 1979, and the related statements of income and expense, changes in financial position, and capital and retained income analysis for the years then ended, which are maintained on a cash basis.

GAO believes that the financial statements present fairly the financial position of the Fund as of December 31, 1980 and 1979, and the results of its operations and changes in financial position for the years then ended, in conformity with the financial standard accounting policies to the financial statements applied on a basis consistent with that of the preceding year.

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