Financial Audit: Panama Canal Commission's 1996 and 1995 Financial Statements
AIMD-97-92
Published: Jul 10, 1997. Publicly Released: Jul 10, 1997.
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Highlights
Pursuant to a legislative requirement, GAO audited the Panama Canal Commission's financial statements for the fiscal years (FY) ended September 30, 1996 and 1995, focusing on its: (1) internal controls; and (2) compliance with selected applicable laws and regulations. GAO also presented the results of its examination of the Commission's September 30, 1996 financial forecast that it will be in a position to meet its financial liabilities on December 31, 1999.
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Accounting proceduresFinancial managementFinancial statement auditsForeign governmentsIndependent agenciesInternal controlsLand transfersProjectionsFinancial statementsSeverance pay