Financial Audit:

Review of the Audit of SEMATECH's Financial Statements for 1994

AIMD-95-168: Published: Aug 8, 1995. Publicly Released: Aug 8, 1995.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO reviewed the financial audit statements of SEMATECH, Inc., for the year ending December 31, 1994.

GAO found that: (1) the SEMATECH 1994 financial statements were in conformance with generally accepted accounting principals; (2) there were no material internal control weaknesses or noncompliance with applicable laws and regulations; (3) the auditor issued a management letter containing recommendations on how to improve SEMATECH's management efficiency and enhance its internal control structure; (4) there was no indication that the auditor's opinion on SEMATECH's 1994 financial statements or its report on the internal control structure could not be relied upon; and (5) there was a need for enhanced disclosure in the financial statements with respect to government agency funding, member company funding, and investments.

Jun 17, 2020

Jun 10, 2020

Jun 8, 2020

May 21, 2020

Mar 31, 2020

Mar 26, 2020

Mar 12, 2020

Feb 27, 2020

Looking for more? Browse all our products here