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Congressional Award Foundation: Internal Controls Must Be Strengthened To Ensure Financial Success

AFMD-92-80 Published: Jun 23, 1992. Publicly Released: Jun 23, 1992.
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Highlights

Pursuant to a congressional request, GAO reviewed issues related to the financial condition and management of the Congressional Award Foundation, focusing on the: (1) accuracy of the Foundation's 1991 financial statements; (2) effectiveness of the Foundation's financial management; and (3) Foundation's ability to operate in a financially sound manner.

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Topics

Auditing and Financial Management
Accounting proceduresAdministrative costsCost controlFinancial managementFinancial recordsFoundations (organizations)Internal controlsPhysical fitnessFinancial statementsExpenditure of funds