Federally Chartered Corporation:

Review of the Financial Statement Audit Report for the Navy Wives Club of America, Incorporated, for Fiscal Year 1997

AIMD-98-244R: Published: Jul 29, 1998. Publicly Released: Jul 29, 1998.

Additional Materials:

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David L. Clark, Jr
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Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Navy Wives Club of America, Incorporated, for the fiscal year ended August 31, 1997, focusing on whether the audit report complied with the financial reporting requirements of the law.

GAO noted that: (1) during its review, 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 report included the auditor's opinion that the financial statements of the corporation, presented on a modified cash basis of accounting, are fairly stated.

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