Examination of Financial Statements of the Overseas Private Investment Corporation, Fiscal Years 1975 and 1974

ID-76-49: Published: Mar 1, 1976. Publicly Released: Mar 1, 1976.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO examined the accompanying balance sheets of the Overseas Private Investment Corporation (OPIC) for fiscal years 1974 and 1975, in accordance with generally accepted auditing standards. OPIC insures and guarantees U.S. investors against the possible risks of having their overseas investments expropriated; suffering currency losses; and the dislocations accompanying war, revolution, or insurrection. An insurance reserve of $176.5 million is held by OPIC against these eventualities. If claims exceed available reserves, OPIC will have to obtain additional funds from outside sources. Because of the many uncertainties affecting investors' claims, GAO cannot judge the adequacy of the reserve account to cover possible losses, but, otherwise, the financial statements are a fair presentation of OPIC's fiscal position.

Oct 20, 2017

Oct 2, 2017

  • auditing icon, source: PhotoDisc

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 26, 2017

Jul 13, 2017

Jul 12, 2017

Jun 30, 2017

Jun 29, 2017

Jun 14, 2017

Jun 13, 2017

Looking for more? Browse all our products here