United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-11-25 monographic deposited born digital 20 p. GA 1.13:AIMD-95-14 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-14 P0b002ee180376e82 000555721 f:ai95014 DGPO 2010-08-12 2011-03-24 GAOREPORTS-AIMD-95-14 machine generated eng fdlp REPORT GAOREPORTS-AIMD-95-14 AIMD-95-14 Financial statement audits Financial management Internal controls Financial records Funds management Accounting procedures Foundations (organizations) Financial disclosure Letter Report AIMD GAO audited the Congressional Award Foundation's statements of financial position as of September 30, 1993, and December 31, 1992, and the related statements of revenues, expenses, and changes in fund balance and statements of cash flows. The Foundation was established to promote achievement among youth in public service, personal development, and physical fitness. GAO found that the financial statements were reliable in all material respects; internal controls reasonably ensured that losses, noncompliance with laws and regulations, and misstatements material to the financial statement would be prevented or detected; and there was no material noncompliance with laws and regulations. GAO's last report, covering financing statements for 1990 through 1992, noted that although the Foundation had made some minor improvements to its internal controls, serious problems remained. Since then, management pursued additional accounting expertise and aggressively implemented internal control procedures, which yielded significant improvements and allowed GAO to provided an unqualified opinion on internal controls as of September 30, 1993. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-95-14/html/GAOREPORTS-AIMD-95-14.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-95-14/pdf/GAOREPORTS-AIMD-95-14.pdf GAO/AIMD-95-14 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-14 Letter Report GAO/AIMD-95-14; Financial Audit: Congressional Award Foundation's Financial Statements for the Periods Ended 9/30/93 and 12/ 31/92; Financial statement audits Financial management Internal controls Financial records Funds management Accounting procedures Foundations (organizations) Financial disclosure Public Law 96-114 Public Law 101-525