Northeast-Midwest Congressional Coalition Financial Statements for 1991 and 1990
AIMD-93-27: Published: Aug 13, 1993. Publicly Released: Aug 13, 1993.
Pursuant to a congressional request, GAO examined the Northeast-Midwest Congressional Coalition's: (1) financial statements as of December 31, 1991 and 1990; (2) internal controls; and (3) compliance with applicable laws and regulations.
GAO found that: (1) the financial statements present fairly, in accordance with generally accepted accounting principles, the Coalition's assets, liabilities, fund balance, and cash flows for the years then ended; (2) the financial statements present the activities financed by members of the Coalition and the identifiable portion of employee benefits paid with appropriated funds; (3) there were no material weaknesses in the Coalition's internal controls as of December 31, 1991; and (4) there was no evidence of noncompliance with applicable laws and regulations as of December 31, 1991.