Financial Audit:

Northeast-Midwest Congressional Coalition Financial Statements for 1988

AFMD-90-38: Published: Feb 15, 1990. Publicly Released: Feb 15, 1990.

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Pursuant to a congressional request, GAO reviewed the balance sheet of the Northeast-Midwest Congressional Coalition as of December 31, 1988, and the related statements of operations and fund balance for the year then ended.

GAO found that the financial statements: (1) fairly presented the financial position of the Coalition, and the results of its operations and cash flows for the year then ended, in conformity with generally accepted accounting principles; and (2) made no provision for any liability that could result from unemployment compensation taxes.

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