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ID-82-33 1 (1982-08-16)

handle is hein.gao/gaobabdof0001 and id is 1 raw text is: 





BY THE U.S, GENERAL ACCOUNTING OFFICE



Report To The President Of The Overseas

Private Investment Corporation








Examination Of Fiscal Year 1981 Overseas

Private Investment Corporation Financial

Statements And Related Issues



The overseas Private Investment Corpora-
tion's fiscal year 1981 financial statements
present fairly the corporation's financial
position at September 30, 1981, and its
operating results for the year then ended.
GAO found that

  --the Corporation's insurance and guar-
  anty reserves appear to be adequate to
  cover existing commitments,
  --the Corporation did not fully disclose
  the effects of delinquent project financ-
  ing in its statement, and

  --tighter control and monitoring of the
  Corporation's administrative expendi-
  tures were needed.

GAO's recommendations are aimed at im-
proving the Corporation's financial disclo-
sures and oversight of its activities.



         D S7-

                                                           119195



                                                           GAO/ID 82-33


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AUGUST 16, 1982

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