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Financial Audit: Congressional Award Foundation's 1996 and 1995 Financial Statements

AIMD-97-87 Published: May 15, 1997. Publicly Released: May 15, 1997.
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Highlights

Pursuant to a legislative requirement, GAO audited the Congressional Award Foundation's financial statements for the fiscal years (FY) ended September 30, 1996 and 1995, focusing on the Foundation's: (1) internal controls; and (2) compliance with applicable laws and regulations.

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Accounting proceduresFinancial managementFinancial recordsFinancial statement auditsFoundations (organizations)Funds managementInternal controlsFinancial statementsLaws and regulationsRegulatory noncompliance