Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Financial Audit: Congressional Award Foundation's 1995 and 1994 Financial Statements

  Premium   Download PDF Now (19 pages)
Report Type Reports and Testimonies
Report Date Sept. 24, 1996
Report No. AIMD-96-147
Subject
Summary:

The Congressional Award Foundation is a non-profit group formed in 1979 to promote achievement among youth in public service, personal development, and physical fitness. GAO reviewed the Foundation's 1995 and 1994 financial statements and found them to be reliable in all material respects. Internal controls effectively safeguarded assets from material loss, ensured compliance with laws and regulations, and ensured that no material misstatements appeared in the financial statements. GAO also found no reportable noncompliance with laws and regulations. GAO notes that although the Foundation's authority to run the Congressional Award Program under the Congressional Award Act expired in October 1995, the Foundation has continued to operate since then.

« Return to search Government Accountability Office reports