Federally Chartered Corporation:
Financial Statement Audit Reports for the American Council of Learned Societies for Fiscal Years 2003-2005
GAO-07-328R: Published: Jan 26, 2007. Publicly Released: Jan 26, 2007.
GAO reviewed the audit reports covering the financial statements of the American Council of Learned Societies for fiscal years ended September 30, 2005, 2004, and 2003. GAO found no reportable instances of noncompliance. The audit reports included the auditor's opinions that the financial statements of the corporation were presented fairly in accordance with U.S. generally accepted accounting principles.