About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

AIMD-00-273R 1 (2000-07-28)

handle is hein.gao/gaobaalkt0001 and id is 1 raw text is: 


   I
       G
 ~GAO

        Accountability * Integrity * Reliability
United States General Accounting Office
Washington, DC 20548





          B-285734


          July 28, 2000

          The Honorable Henry J. Hyde
          Chairman, Committee on the Judiciary
          House of Representatives


Accounting and Information
      Management Division


Subject: Federally Chartered Corporation: Review of the Financial Statement Audit
          Report for the Air Force Sergeants Association for Fiscal Years 1998 and 1999

Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial statements of the Air Force
Sergeants Association, a federally chartered corporation, for the fiscal years ended April 30,
1998 and 1999. The purposes of the association include helping to maintain a highly
dedicated and professional corps of enlisted personnel and supporting fair and equitable
legislation and Department of the Air Force policies.

Federally chartered corporations are required under 36 U.S.C. 10101 to

*  present the corporation's assets and liabilities and reasonable detail on the corporation's
   income and expenses in annual financial statements,

*  obtain an annual financial audit by an independent public accountant, and

*   submit the auditor's report and the corporation's financial statements to the Congress.

The objective of our review was to determine whether the audit report complied with the
financial reporting requirements of the law. In carrying out our work, we reviewed the
corporation's financial statements and the accompanying notes, performed certain analytical
procedures related to information presented in the financial statements, reviewed the
auditor's report, and made inquiries to corporation officials or the auditor as we deemed
necessary. We did not review the auditor's working papers. Our review disclosed no
reportable instances of noncompliance.


GAO/AIMD-00-273R Air Force Sergeants Association

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most