Federal Research:

Assessment of the Financial Audit for SEMATECH's Activities in 1988

RCED-90-35: Published: Feb 16, 1990. Publicly Released: Feb 16, 1990.

Additional Materials:

Contact:

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

Pursuant to a legislative requirement, GAO reviewed an accountant's audit of a U.S. semiconductor industry consortium's financial statements for the year ended December 31, 1988.

GAO found that the financial statements: (1) presented fairly the consortium's financial position for the year then ended, in accordance with generally accepted accounting principles; (2) did not disclose the exclusion of unallowable costs, the extent of the consortium's restricted revenues, or interest owed to the U.S. Treasury; (3) for 1989 would include such disclosure; and (4) did not properly account for state and member contributions to the consortium.

Jul 9, 2014

Jun 19, 2014

May 30, 2014

May 15, 2014

May 13, 2014

May 12, 2014

May 2, 2014

Mar 27, 2014

Mar 13, 2014

Looking for more? Browse all our products here