Financial Audit: Panama Canal Commission's 1996 and 1995 Financial Statements

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.