Operating results of all five hospitals significantly declined in 2005, the year of Hurricane Katrina, based on the three measures of profitability we used to illustrate differences in the hospitals' operating results before and after the hurricane--operating income or loss, net income or loss, and earnings before interest, depreciation and amortization. However, four out of the five hospitals sh

GAO provided information on its active assignments in the Resources, Community, and Economic Development Accounting and Financial Management Issues issue area as of August 17, 1998.

GAO provided information on its active assignments in the Resources, Community, and Economic Development Accounting and Financial Management issues issue area as of May 3, 1998.

GAO provided information on its active assignments in the Resources, Community, and Economic Development Accounting and Financial Management Issues issue area as of February 2, 1998.

GAO found that: (1) pervasive data inaccuracies prevented it from concluding whether the program's liabilities for loan guarantees were fairly stated as of September 30, 1993; (2) the program's statement of cash flows was reliable in all material respects; (3) it could not determine whether Education properly received or disbursed funds because of significant internal control weaknesses in its co

GAO found that the REA financial statements presented fairly its financial position as of September 30, 1988, and the results of its operations and cash flows for the year then ended, in conformity with generally accepted accounting principles. GAO also found that: (1) REA needed to update its methodology for estimating its loss provision for loans and guarantees; (2) REA lacked adequate procedur

GAO found that: (1) the Air Force's financial management systems did not provide adequate and reliable information on Air Force operations; (2) the Air Force did not have accurate cost data for such non-cash assets as inventory, equipment, aircraft, and missiles; (3) 70 percent of the assets listed on the Air Force's financial statement were unauditable; (4) the Air Force did not maintain a gener

GAO found that the financial statements presented fairly the FFB financial position. GAO also found that FFB: (1) incurred a net loss of $1.15 billion during fiscal year (FY) 1988, due to a $1.29-billion prepayment premium it owed to the Department of the Treasury; (2) was legislatively prohibited from collecting any related prepayment premiums from borrowers who prepaid their debt, enforcing loa

GAO found that: (1) the financial statements presented fairly the REA financial position as of September 30, 1987; (2) the internal accounting controls examined contained no material weaknesses; and (3) REA did not violate any laws or regulations for the transactions tested, but was unable to guarantee the minimum amount of loans in FY 1987 due to insufficient demand.

GAO agreed with the auditor's report that the financial statements presented fairly the Corporation's financial position as of September 30, 1987.