Financial Audit:

Senate Recording Photographic Studios Revolving Fund for Fiscal Year 1991

AIMD-94-29: Published: May 26, 1994. Publicly Released: May 26, 1994.

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Pursuant to a congressional request, GAO reviewed the Senate Recording and Photographic Studios Revolving Fund's financial statements as of March 31, 1991, and the related statements of operations and cash flows for the year then ended.

GAO found that: (1) the financial statements presented fairly, in all material respects, the Senate Recording and Photographic Studios Revolving Fund's financial position as of March 31, 1991 and the results of its operations and cash flows for the year then ended in conformity with generally accepted accounting principles; (2) there were no apparent material weaknesses in the Fund's internal control structure or operations; and (3) the Fund complied with the laws and regulations pertaining to financial transactions.

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  • auditing icon, source: PhotoDisc

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