Audit of the Senate Building Beauty Shop for the Fiscal Year Ended February 28, 1982

AFMD-83-6: Published: Jan 6, 1983. Publicly Released: Jan 6, 1983.

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Pursuant to the Legislative Reorganization Act of 1970, GAO examined the balance sheets of the Senate Building Beauty Shop as of February 28, 1982 and 1981, and the related statements of income and expense, changes in financial position, and changes in the partners' capital accounts for the years then ended.

In the opinion of GAO, the financial statements presented fairly the financial position of the Beauty Shop as of February 28, 1982 and 1981, and the results of its operations and changes in financial position for the years then ended in conformity with generally accepted accounting principles. GAO concurred with the method used for computing depreciation and amortization and found it to be applied on a basis consistent with that of the preceding year.

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