Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Legion of Valor of the United States of America, Incorporated, for Fiscal Year 2000
GAO-01-904R
Published: Jun 26, 2001. Publicly Released: Jun 26, 2001.
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Highlights
GAO reviewed the audit report covering the financial statements of the Legion of Valor of the United States of America, Incorporated, for fiscal year 2000. GAO notes that the statement for the Legion of Valor Museum was not audited. The Legion of Valor Museum represents a significant portion of the financial activity for the Legion of Valor--more than half of the reported revenues and expenses. GAO's review disclosed no other reported instances of noncompliance.
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Audit reportsFinancial statement auditsNoncomplianceReporting requirementsFederal corporationsAccounting standardsFinancial statementsFederally chartered corporationFinancial managementFinancial activity