Review of the Audits of the National Credit Union Administration Central Liquidity Facility's Financial Statements for the Fiscal Years Ended September 30, 1982 and 1981
AFMD-83-100: Published: Sep 30, 1983. Publicly Released: Sep 30, 1983.
- Full Report:
GAO reviewed the independent audits of the balance sheets of the National Credit Union Administration's Central Liquidity Facility (CLF) as of September 30, 1982 and 1981, and the related statements of operations and retained earnings and changes in financial position for the years then ended.
After examining its workpapers and determining the quality and reliability of its work, GAO relied on the independent auditor's work as the basis of its review. The auditor concluded that the CLF financial statements presented fairly the financial position of CLF as of September 30, 1982 and 1981, and conformed with generally accepted accounting principles on a consistent basis applied. GAO also found nothing which would indicate that the audit was inappropriate or could not be relied upon.