Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the Daughters of Union Veterans of the Civil War 1861-1865 for Fiscal Year 1996
AIMD-98-280R: Published: Sep 1, 1998. Publicly Released: Sep 1, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Daughters of Union Veterans of the Civil War 1861-1865 for the fiscal year ended August 31, 1996, focusing on whether the audit report complied with the financial reporting requirements of the law.
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 reports included the auditor's opinion that the financial statements of the corporation were presented on the cash basis of accounts for its receipts and disbursements.