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![handle is hein.gao/gaobacxqw0001 and id is 1 raw text is:
DOCUENT RASUME
05959 - (81426440]
(Review of the Financial Statements of the Federal Housing
Administration]. may 16, 1978. 2 pp. + enclosure (6 pp.).
Report to William A. Kedina, Department of Housing and Urban
DeveloFment: Assistant Secretary for Administration; by Richard
J. Woods, Associate Director# Community and Economic Development
Div.
Contact: Community and Economic Development Div.
Organization Concerned: Department of Housing and LLban
Development: Federal Housing Administration.
A: oort issued on April 28v 1978, on the Federal
Housing Administration's financial statements did not contain an
opinion on the reasonableness of the balances. Subsequent to
issuance of the report, a tak force was establiched to study
accounting problas and find solutions. GAO worked with the task
force to help correct deficiencies and to review the adequacy of
its corrections. GAO provided a list of accounting pribleas that
should be addressed whicL contained findings bronght oat in the
report and other deficiencies discussad with personnel ef the
Department of Hoesing and Urban Development. (HTE)](ViewImageLocal?handle=hein.gao/gaobacxqw0001&div=1&collection=&method=preview&ext=.png&size=3)