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

AIMD-98-224R 1 (1998-07-01)

handle is hein.gao/gaobacmkt0001 and id is 1 raw text is: 



GAO             United States
                General Accounting Office
                Washington, D.C. 20548

                Accounting and Information
                Management Division

                B-280382


                July 1, 1998

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

                Subject: Federally Chartered Corporation: Review of the Financial Statement
                          Audit Report for the General Federation of Women's Clubs for Fiscal
                          Years 1997

                Dear Mr. Chairman:

                As requested, we reviewed the audit report covering the financial statements of
                the General Federation of Women's Clubs, a federally chartered corporation, for
                the fiscal year ended June 30, 1997. The corporation's objective is to
                communicate with and unite the various women's clubs and like organizations
                throughout the world for the purpose of mutual benefit and for the promotion
                of their common educational, industrial, philanthropic, literary, artistic, and
                scientific interests.

                Federally chartered corporations are required under 36 U.S.C. 1102-1103 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 not later than 6 months following the close of the
                      corporation's fiscal year.

                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 any inquiries to corporation officials or the auditors as deemed
                necessary. We did not review the auditor's working papers.


                                    GAO/AIMD-98-224R General Federation of Women's Clubs

                                                 (O)7 2

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.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most