Senate Restaurants Revolving Fund for Fiscal Years 1994 and 1993
AIMD-95-173: Published: Jul 31, 1995. Publicly Released: Jul 31, 1995.
- Full Report:
Pursuant to a congressional request and a legislative requirement, GAO audited the balance sheets of the Senate Restaurants Revolving Fund for fiscal years 1994 and 1993, as well as the effectiveness of its internal controls as of September 30, 1994.
GAO found that: (1) the financial statements were reliable in all material respects; (2) the internal controls in place on October 1, 1994, were effective in safeguarding assets from material loss, ensuring material compliance with laws and regulations, and ensuring that there were no material misstatements in the financial statements; and (3) there was no reportable noncompliance with the laws and regulations tested.