Reviews of the Audits of the National Consumer Cooperative Bank's Financial Statements for the Years Ended December 31, 1983 and 1982

AFMD-85-10: Published: May 28, 1985. Publicly Released: May 28, 1985.

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GAO reviewed the results of a firm's audits of the financial statements of the National Consumer Cooperative Bank as of December 31, 1983 and 1982.

In the auditor's opinion, the Bank's financial statements fairly presented its financial position in accordance with generally accepted accounting principles applied on a consistent basis. GAO found: (1) nothing to indicate that the auditor's opinion of the Bank's financial statements was inappropriate; (2) that the auditor's work did not disclose any material internal control weaknesses or noncompliance with law and regulations; and (3) that the audits were conducted in accordance with generally accepted government auditing standards.

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