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Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Civil Air Patrol, Incorporated, for Fiscal Year 1996

AIMD-98-297R Published: Sep 23, 1998. Publicly Released: Sep 23, 1998.
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Highlights

Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the Civil Air Patrol, Incorporated, for the fiscal year ended September 30, 1996, focusing on whether the audit report complied with the financial requirements of the law.

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Full Report (4 pages)

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Topics

Auditing and Financial Management
Accounting standardsAudit reportsFair market valueFederal corporationsFinancial recordsFinancial statement auditsGovernment facilitiesReporting requirementsFinancial statementsAcquisition costs