Reviews of the Audits of the Federal Home Loan Mortgage Corporation's Financial Statements for the Years Ended December 31, 1983 and 1982
AFMD-85-17: Published: Jun 11, 1985. Publicly Released: Jun 11, 1985.
- Full Report:
GAO reported on its reviews of independent audits of the balance sheets of the Federal Home Loan Mortgage Corporation as of December 31, 1983 and 1982, and the related statements of income, changes in retained earnings, and changes in the financial position for the years then ended.
GAO found that the audits were conducted in accordance with generally accepted government auditing standards and presented fairly the Corporation's financial position as of December 31, 1983 and 1982, the results of its operations, and the changes in its financial position for the years then ended, in conformity with generally accepted accounting principles applied on a consistent basis. GAO found that the audits did not disclose any material internal control weaknesses or noncompliance with laws and regulations.