Review of the Audit Report of the Naval Sea Cadet Corps for the Year Ended March 31, 1977

B-55712: Published: Jul 20, 1977. Publicly Released: Jul 20, 1977.

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A review of the audit report of the Naval Sea Cadet Corps for the year ended March 31, 1977, indicated that the audit and financial reporting requirements of Public Law 88-504 had been met.

The audit report of this federally chartered corporation, which was prepared by a certified public accountant, included a statement of the scope of the audit and the auditor's opinion that the financial statements presented fairly the financial position of the Naval Sea Cadet Corps at March 31, 1977, and the results of operations and changes in fund balances for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with the preceding year.

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