The Congressional Award Program
T-AFMD-90-24
Published: Jul 12, 1990. Publicly Released: Jul 12, 1990.
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Highlights
GAO discussed its audit of the Congressional Award Foundation. GAO found that: (1) the financial condition of the Foundation has improved since 1987, most notably in the reduction of its debt and operating expenses; (2) weaknesses in internal accounting controls continue to exist; (3) the Foundation complied with a law requiring that it make expenditures only when resources are available; and (4) program officials adequately responded to 7 of the 12 recommendations included in earlier reports, which represented positive steps toward improving program operations.
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Accounting proceduresAdministrative costsAuditsCost controlFinancial managementFoundations (organizations)Internal controlsMinorsNoncomplianceProposed legislation