Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the Military Order of the World Wars for Fiscal Year 1997
AIMD-98-261R: Published: Aug 7, 1998. Publicly Released: Aug 7, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit reports covering the financial statements of the Military Order of the World Wars for the fiscal year ended June 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 report included the auditor's opinion that the financial statements of the corporation were presented in conformity with a cash basis of accounting.