Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the National Federation of Music Clubs for Fiscal Year 1997
AIMD-98-201R: Published: Jun 16, 1998. Publicly Released: Jun 16, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the National Federation of Music Clubs for the year ended June 30, 1997.
GAO noted that: (1) nothing came to GAO's attention that would cause it to believe that the financial reporting requirements of the law have not been met; and (2) the audit report included the auditor's opinion that the financial statements of the corporation were fairly presented on a basis of cash receipts and disbursements.