Audit Report of National Music Council

B-55712: Published: Jan 3, 1978. Publicly Released: Jan 3, 1978.

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A review was performed of the audit report of the National Music Council for the year ended April 30, 1977, to determine whether the report complied with financial reporting requirements for federally chartered corporations.

The audit report was prepared by a firm of certified public accountants, and included a statement of the scope of audit and the auditor's opinion that the financial statements presented fairly the financial position of the National Music Council at April 30, 1977, and the results of operations and changes in financial position for the year then ended, in comformity with generally accepted accounting principles applied on a consistent basis. The report was due October 31, 1977, but was received by the GAO office in November 1977. With the exception of the late receipt, the audit and financial reporting requirements of legislation were met.

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