Federally Chartered Corporation: Review of the Financial Statement Audit Report for the American Council of Learned Societies for Fiscal Years 2002 and 2001

GAO reviewed the audit reports covering the financial statements of the American Council of Learned Societies for fiscal years 2002 and 2001. GAO found no reportable instances of noncompliance. The audit reports included the auditors' opinions that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.