Review of the U.S. Synthetic Fuels Corporation's Financial Statements for the Year Ended September 30, 1982

AFMD-83-52: Published: Apr 12, 1983. Publicly Released: Apr 12, 1983.

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GAO reviewed a certified public accounting firm's audit of the U.S. Synthetic Fuels Corporation's financial statements for the year ended September 30, 1982. The accounting firm found that the corporation's financial statements presented fairly its financial position on September 30, 1982, and the results of its operations and the changes in its financial position for the year then ended, in conformity with generally accepted accounting principles applied on a consistent basis.

During its review, GAO found nothing to indicate that the accounting firm's audit of the corporation's 1982 financial statements was inappropriate. Therefore, GAO concurred with the opinion and transmitted the opinion and the financial statements to Congress.

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