Examination of FDIC Financial Statements for the Year Ended December 31, 1982

AFMD-83-61: Published: May 24, 1983. Publicly Released: May 24, 1983.

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GAO examined the statement of financial position of the Federal Deposit Insurance Corporation (FDIC) as of December 31, 1982, and the related statements of income and the deposit insurance fund and changes in financial position for the year then ended.

GAO stated that the financial statements referred to presented fairly the financial position of FDIC as of December 31, 1982, and the results of its operations and the changes in its financial position for the year then ended. Additionally, the results were in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. GAO concluded that it did not express an opinion on the FDIC financial statements for the year ended December 31, 1981, since they were not audited by GAO.

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