Federally Chartered Corporation:

Review of the Financial Statement Audit Reports for the National Academy of Sciences for Fiscal Year 1998 and the 6 Months Ended December 31, 1998

AIMD-00-302R: Published: Aug 25, 2000. Publicly Released: Aug 25, 2000.

Additional Materials:

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Pursuant to a congressional request, GAO reviewed the audit reports covering the financial statements of the National Academy of Sciences, focusing on whether the audit reports complied with the financial reporting requirements of the law.

GAO noted that: (1) GAO's review disclosed no reportable instances of noncompliance; and (2) the audit report included the auditors' opinions that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.

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