Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the American War Mothers, Incorporated, for Fiscal Year 1997
AIMD-98-200R: Published: Jun 19, 1998. Publicly Released: Jun 19, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of American War Mothers, Incorporated, for the year ended August 31, 1997, focusing on whether the audit report 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 auditor issued a qualified opinion because there were no accounting controls over contributions before the related amounts were entered in the accounting records; and (3) accordingly, it was impractical to extend an examination beyond the receipts recorded.