Solar Energy and Energy Conservation Bank's Financial Statements for 1981 Through 1985
AFMD-87-7: Published: Nov 25, 1986. Publicly Released: Nov 25, 1986.
- Full Report:
GAO examined the financial statements of the Solar Energy and Energy Conservation Bank for the years ended September 30, 1981 through 1985, the Bank's system of internal accounting controls, and its compliance with laws and regulations.
GAO found that: (1) the financial statements presented fairly the financial position of the Bank, the results of its operations, and the changes in its financial position, in conformity with generally accepted accounting principles applied on a consistent basis; (2) the Bank's internal accounting control system had no material weaknesses; and (3) the Bank complied with the terms and provisions of laws and regulations for the transactions tested that could have materially affected its financial statements.