Federally Chartered Corporation:
Review of the Financial Statement Audit Reports of the National Fund for Medical Education, for Fiscal Years 1994 Through 1997
AIMD-98-283R: Published: Sep 1, 1998. Publicly Released: Sep 1, 1998.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit reports covering the financial statements of the National Fund for Medical Education for the fiscal years ended December 31, 1994, 1995, 1996, and 1997, focusing on whether the audit reports 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 auditors' opinion that the financial statements of the corporation were presented in conformity with generally accepted accounting principles.