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TVA Expenses and Deductions

EMD-77-14 Published: Feb 02, 1977. Publicly Released: Feb 02, 1977.
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Highlights

The accuracy and integrity of TVA's accounting procedures and financial statements for fiscal year 1976 were questioned, and the reasons why TVA's net income dropped from $163.2 million on March 31, 1976, to $126.1 million by yearend were investigated.

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Topics

AccountingAuditing proceduresAuditing standardsBudget deficitBudget outlaysCorporate auditsCost overrunsElectric powerplantsFederal corporationsFinancial records