Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the United States Olympic Committee for 1997
AIMD-99-158R: Published: May 7, 1999. Publicly Released: May 7, 1999.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the United States Olympic Committee for the year ended December 31, 1997, 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 report included the auditor's opinion that the financial statements of the corporation were fairly presented in conformity with generally accepted accounting principles.