Federally Chartered Corporation:

Review of the Financial Statement Audit Report for the Navy Club of the United States of America for Fiscal Year 1997

AIMD-98-291R: Published: Sep 23, 1998. Publicly Released: Sep 23, 1998.

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Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Navy Club of the United States of America, for the fiscal year ended July 31, 1997, focusing on whether the audit report complied with the financial reporting requirements of the law.

GAO noted that nothing came to GAO's attention that would cause it to believe that the financial reporting requirements of the law have not been met.

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