Reviews of the Neighborhood Reinvestment Corporation's Financial Statements for the Years Ended September 30, 1983 and 1982

AFMD-85-12: Published: May 3, 1985. Publicly Released: May 3, 1985.

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GAO reviewed audits of the Neighborhood Reinvestment Corporation's statements of revenue and changes in financial position for the years ended September 30, 1983 and 1982. GAO relied on the reports of the Corporation's independent certified public accountant to avoid unnecessary duplication and to make the most efficient use of the resources available.

GAO found that: (1) the audits were conducted in accordance with generally accepted government auditing standards; and (2) the Corporation's financial statements fairly presented the results of its operations and financial position. GAO found nothing to indicate that the auditor's opinion on the financial statements was inappropriate nor did it disclose any material internal control weaknesses or noncompliance with laws and regulations.

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