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![handle is hein.gao/gaobabmlk0001 and id is 1 raw text is:
DOCUMENT RESUME
04571 - LB0064981]
(Audit Report of National Music Council]. B-55712. January 3.
1978. 1 pp.
Report to Rep. Peter K. Rodino, Jr., Chairman, House Committee
on the Judiciary; by Robert F. Keller, Deputy Comptroller
General.
Issue Area: Accounting and Financial Reporting (2800).
Contact: Financial and General Hanagement Studies Div.
Budget Function: Miscellaneous: Financlal Management and
Information Systaes (1002).
Organization Concerned: National Music Council.
Congressional Relevance: House Committee on the Judiciary.
Authority: (P.L. 88-504; 36 U.S.C. 1101). 36 U.S.C. 661.
A review was performed of the audit repcrt of the
National Music Council for the year ended April 30, 1977, to
detervine uhether the report complied with financial reporting
requirements for federally chartere4 corporations.
Findings/Conclusions: The audit report was prepared by a firm of
certified public accountants, and included a statement of the
scope of audit and the auditor's opinion that the financial
statements presented fairly the financial position of the
National Music Counc.l at April 30, 1977, and the results of
operaticns and changes in finanCial position for the year then
ended, in comforaity with generally accepted accounting
principles applied on a consistent basis. The report was due
October 31, 1977, but was received by the GAO office in November
1977. Vith the exception of the late receipt, the ardit aad
financial reporting requirements of legislation veswe met.
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