Financial Audit:

House Beauty Shop Revolving Fund Financial Statements for 1987 and 1986

AFMD-88-59: Published: Sep 7, 1988. Publicly Released: Sep 7, 1988.

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Pursuant to a congressional request and a legislative requirement, GAO examined the balance sheets of the House of Representatives Beauty Shop Revolving Fund as of December 31, 1987 and 1986, and the related statements of operations and changes in financial position for the years then ended.

GAO concluded that the financial statements presented fairly the financial position of the House Beauty Shop Revolving Fund as of December 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 government accounting principles and policies.

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