Federally Chartered Corporation:
Review of the Financial Statement Audit Report of the National Future Farmers of America Organization for Fiscal Year 1997
AIMD-98-294R: Published: Sep 23, 1998. Publicly Released: Sep 23, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the National Future Farmers of America 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) 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 generally accepted accounting principles.