Financial Audit:

House Beauty Shop Revolving Fund for the Year Ended 9/30/93 and 9 Months Ended 9/30/92

AIMD-95-82: Published: Apr 14, 1995. Publicly Released: Apr 14, 1995.

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Pursuant to a legislative requirement and a congressional request, GAO audited the House Beauty Shop Revolving Fund's financial statements and related statements of operations and cash flows for the periods ended September 30, 1993, and the 9 months ended September 30, 1992.

GAO found that: (1) the financial statements were reliable in all material aspects; (2) the Fund's internal controls needed improvement; and (3) there was one issue of noncompliance with laws and regulations for the periods ended September 30, 1993 and September 30, 1992.

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