National Credit Union Administration's Financial Statements - FY 1984 and FY 1983
AFMD-86-45: Published: Jun 16, 1986. Publicly Released: Jun 16, 1986.
- Full Report:
GAO reviewed the independent certified public accountants' audits of the fiscal year 1983 and 1984 financial statements of the National Credit Union Administration's Operating and Share Insurance funds and Central Liquidity Facility.
GAO found that, except for the omission of reports on internal accounting controls and compliance with laws and regulations for the Operating and Share Insurance funds, the independent auditors' opinions on the 1984 and 1983 financial statements of the funds and the Central Liquidity Facility were appropriate. GAO believes that: (1) the financial statements, together with the independent auditors' opinions and GAO review of that work, constitute a dependable basis for Congress' oversight of the administration's financial position; and (2) the financial statements presented fairly the financial positions of the Fund and the Facility for the years ended September 30, 1984 and 1983, and the results of their operations and changes in their financial position for the years then ended, in conformity with generally accepted accounting principles.