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Financial Audit: Congressional Award Foundation's 1999 and 1998 Financial Statements

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Report Type Reports and Testimonies
Report Date May 15, 2000
Report No. AIMD-00-156
Subject
Summary:

GAO audited the Congressional Award Foundation's financial statements for 1999 and 1998. The Foundation was established in 1979 to promote excellence among youth in public service, personal development, and physical fitness. GAO found that the financial statements are presented fairly in conformity with generally accepted accounting principles; the Foundation had effective internal control over financial reporting (including safeguarding of assets) and compliance with laws and regulations as of September 30, 1999; and there was no reportable noncompliance in fiscal year 1999 with the laws and the regulations GAO tested.

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