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Financial Audit: Congressional Award Foundation's 1996 and 1995 Financial Statements

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Report Type Reports and Testimonies
Report Date May 15, 1997
Report No. AIMD-97-87
Subject
Summary:

GAO audited the Congressional Award Foundations' 1996 and 1995 financial statements. The Foundation is a private, nonprofit, tax-exempt organization that promotes excellence among youth in public service, personal development, and physical fitness. GAO found that the statements were reliable in all material respects; that internal controls effectively safeguarded assets from material loss, ensured compliance with laws and regulations, and ensured that no misstatements appeared in the financial statements; and that there was no noncompliance with laws and regulations.

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