Federally Chartered Corporation: Review of the Financial Statement Audit Reports for the Navy Club of the United States of America for Fiscal Years 2002 and 2001

GAO reviewed the audit reports covering the financial statements of the Navy Club of the United States of America 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.