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Examination of Financial Statements of Disabled American Veterans, National Headquarters, and Life Membership Fund for Year Ended December 31, 1976, and the Service Foundation for the 16-Month Period Ending December 31, 1976

FOD-77-16 Published: Nov 16, 1977. Publicly Released: Nov 16, 1977.
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Highlights

Examination of the financial statements of the Disabled American Veterans National Headquarters, the Life Membership fund, and the Service Foundation for the year ended December 31, 1976, was made in accordance with generally accepted accounting principles applied on a consistent basis. Except for the direct charge in 1976 to the operating funds for payment of amended retirement plan costs, the financial statements and supplemental schedule presented fairly the financial position of the National Headquarters and the Life Membership Fund at December 31, 1976 and 1975, the Service Foundation Fund at December 31, 1976, and August 31, 1975, and the results of their operations and changes in financial position and balances for the periods then ended.

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Accounting systemsCost accountingFederal corporationsFinancial managementFinancial recordsFinancial statement auditsVeteransVeterans benefitsFinancial statementsRetirement plans