Federally Chartered Corporation:
Review of the Financial Statement Audit Reports for the Pearl Harbor Survivors Association for Fiscal Years 1998 and 1999
AIMD-00-243R: Published: Jun 30, 2000. Publicly Released: Jun 30, 2000.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Pearl Harbor Survivors Association for fiscal years ended September 30, 1998 and 1999, focusing on whether the audit report complied with the financial reporting requirements of the law.
GAO noted that: (1) GAO did not review the auditors' working papers; (2) the audit reports included the auditors' opinions that with one exception, the financial statements of the corporation were presented fairly, in all material respects, on a modified cash basis of accounting; and (3) the exception related to the fact the auditors did not give an opinion on the inventory amounts.