Federally Chartered Corporation:
Financial Statement Audit Report for the American Council of Learned Societies for Fiscal Years 2003 and 2002
GAO-06-503R: Published: Mar 14, 2006. Publicly Released: Mar 14, 2006.
GAO reviewed the audit reports covering the financial statements of the American Council of Learned Societies for the fiscal year ended September 30, 2003, and 2002. 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 U.S. generally accepted accounting principles.