Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the National Society Daughters of the American Colonists for Fiscal Year 1998
AIMD-99-183R: Published: May 14, 1999. Publicly Released: May 14, 1999.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the National Society Daughters of the American Colonists for the fiscal year ended February 28, 1998, 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 accordance with generally accepted accounting principles.