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

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

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.

Full Report

Full Report (10 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Auditing and Financial Management

Accounting proceduresAdministrative costsCost controlFinancial managementFinancial recordsFoundations (organizations)Internal controlsPhysical fitnessFinancial statementsExpenditure of funds