Report on Virgin Islands Corporation, Fiscal Year 1962

The General Accounting Office has made an audit of the Virgin Islands Corporation for the fiscal year ended June 30, 1962, pursuant to the Government Corporation Control Act (31 U.S.C. 841). Our audit included a review of applicable legislation, a review of management controls, reviews of selected activities, and an examination of financial statements. Our examination of the financial statements was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and other such auditing procedures as we considered necessary in view of the internal controls afforded by the accounting system. The audit was conducted at St. Croix and St. Thomas, Virgin Islands.