Financial Audit:

Senate Recording and Photographic Studios Revolving Fund for 1987 and 1986

AFMD-88-1: Published: Dec 16, 1987. Publicly Released: Dec 16, 1987.

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Pursuant to a congressional request, GAO examined the balance sheets of the Senate Recording and Photographic Studios Revolving Fund as of March 31, 1987 and 1986, and the related statements of operations and changes in financial position for the years then ended.

GAO found that the financial statements presented fairly the financial position of the fund as of March 31, 1987 and 1986, and the results of its operations and the changes in its financial position for the years then ended, in conformity with generally accepted accounting principles applied on a consistent basis.

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