Financial Audit:

National Economic Commission's 1988 and 1989 Financial Statements

AFMD-89-82: Published: Jul 24, 1989. Publicly Released: Jul 24, 1989.

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GAO examined the National Economic Commission's: (1) statements of budgets, obligations, and outlays for the periods of December 22, 1987 to September 30, 1988, and October 1, 1988 to March 31, 1989; (2) internal accounting controls; and (3) compliance with laws and regulations.

GAO found that the Commission's financial statements presented fairly its budgets, obligations, and outlays for the periods ended September 30, 1988 and March 31, 1989, at which time it ceased to exist. GAO also found that its audit did not disclose any: (1) internal control weaknesses which could have materially affected the audited statements; and (2) Commission noncompliance with applicable laws and regulations.

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