Federally Chartered Corporation:
Review of the Financial Statement Audit Report for the American Ex-Prisoners of War, Incorporated, for Fiscal Year 1998
AIMD-99-59R: Published: Feb 19, 1999. Publicly Released: Feb 19, 1999.
- Full Report:
Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the American Ex-Prisoners of War Incorporated, for the fiscal year ended August 31, 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 on a modified cash basis of accounting.