Congressional Award Foundation: Continuing Attention Needed to Improve Internal Controls

Pursuant to a legislative requirement, GAO provided information on the Congressional Award Foundation's fiscal year (FY) 1997 financial statements and on management's assertions regarding the Foundation's system of internal controls as of September 30, 1997, focusing on: (1) the need to establish and document certain internal control policies and procedures suggested as a result of GAO's FY 1996 audit; and (2) additional matters identified during GAO's FY 1997 audit that relate to those previously identified weaknesses.