Federally Chartered Corporation:

Review of the Financial Statement Audit Reports for the American Symphony Orchestra League for Fiscal Year 1997

AIMD-98-178R: Published: Jun 12, 1998. Publicly Released: Jun 12, 1998.

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David L. Clark, Jr
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Pursuant to a congressional request, GAO reviewed the audit reports covering the financial statements of the American Symphony Orchestra League for the year ended September 30, 1997, focusing on whether the audit reports complied with the financial reporting requirements of the law.

GAO noted that: (1) nothing came to GAO's attention that would cause it to believe that the financial reporting requirements of the law have not been met; and (2) the audit reports included the auditor's opinion that the financial statements of the corporation were presented in conformity with generally accepted accounting principles.

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