Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the Reserve Officers Association of the United States for Fiscal Year 1998
AIMD-99-167R: Published: Apr 30, 1999. Publicly Released: Apr 30, 1999.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Reserve Officers Association of the United States for the fiscal year ended March 31, 1998, 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 fairly presented in conformity with generally accepted accounting principles.