Financial Audit:

U.S. Government Printing Office's Financial Statements for Fiscal Year 1989

AFMD-91-1: Published: Nov 8, 1990. Publicly Released: Nov 8, 1990.

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GAO reviewed the consolidated financial statements of the U.S. Government Printing Office (GPO) for the fiscal year ended September 30, 1989, and reports on GPO internal control structure and its compliance with laws and regulations.

GAO found that: (1) GPO complied in all material respects with those provisions of laws and regulations that could have had a material effect on the financial statements; (2) it was not able to express an opinion on the consistent application of accounting principles in GPO accounts receivable, inventories, and accounts payable; (3) GPO had weaknesses in its internal control structure and operations that warranted management attention; and (4) except as noted, the financial statements presented fairly the GPO financial position as of September 30, 1989.

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