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Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Fleet Reserve Association for 2002

GAO-03-1123R Published: Sep 18, 2003. Publicly Released: Sep 18, 2003.
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Highlights

GAO reviewed the audit reports covering the financial statements of the Fleet Reserve Association, for fiscal year 2002. GAO found no reportable instances of noncompliance. The audit reports included the auditors' opinions that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.

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Auditing and Financial Management
Accounting standardsAudit reportsFederal corporationsFinancial statement auditsReporting requirementsFinancial statementsMilitary forcesFederally chartered corporationFinancial managementRegulatory noncompliance