Federally Chartered Corporation:
Review of the Financial Statement Audit Report of the Pearl Harbor Survivors Association, Incorporated, for Fiscal Year 1997
AIMD-98-226R: Published: Jul 1, 1998. Publicly Released: Jul 1, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Pearl Harbor Survivors Association, Incorporated, for the fiscal year ended September 30, 1997, focusing on whether the audit report complied with the financial reporting requirements of the law.
GAO noted that: (1) for the past 3 years, the auditors have issued qualified opinions, based on not observing the taking of the physical inventory; and (2) except for this issue, nothing came to GAO's attention that would cause it to believe that the financial reporting requirements of the law have not been met.