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Federally Chartered Corporation: Financial Statement Audit Report for the Future Farmers of America for Fiscal Years 2003 and 2002

GAO-05-505R Published: Jun 10, 2005. Publicly Released: Jun 10, 2005.
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Highlights

GAO reviewed the audit reports covering the financial statements of the Future Farmers of America for Fiscal Years 2003 and 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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Accounting standardsAudit reportsFederal corporationsFinancial statement auditsReporting requirementsFinancial statementsFarmingFederally chartered corporationFinancial managementRegulatory noncompliance