Examination of Financial Statements of Overseas Private Investment Corporation, FY 1979 and 1978

ID-80-45: Published: Jun 5, 1980. Publicly Released: Jun 5, 1980.

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The financial records of the Overseas Private Investment Corporation were examined as of September 30, 1979 and 1978, pursuant to the Government Corporation Control Act and in accordance with the Comptroller General standards for financial compliance audits.

At September 30, 1979, the corporation's reserves totaled $519 million. It was the opinion of GAO that the financial statements presented fairly the financial position of the Overseas Private Investment Corporation as of September 30, 1979 and 1978, and the results of its operations, changes in its capital and reserves, and changes in its financial position for the years then ended were in conformity with generally accepted accounting principles.

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