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<titleInfo>
 <title>Financial Audit: Congressional Award Foundation&apos;s 1997 and</title>
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<abstract>The Congressional Award Foundation, formed in 1979, is a private,
nonprofit, tax-exempt organization that promotes excellence among youth
in public service, personal development, and physical fitness. GAO
audited the Foundation&apos;s 1997 and 1996 financial statements and found
that (1) they were reliable in all material respects; (2) the
Foundation&apos;s management fairly stated that internal controls effectively
safeguarded assets from material loss, ensured compliance with laws and
regulations, and ensured that no material misstatements appeared in the
financial statements; and (3) there was no reportable noncompliance with
laws and regulations.</abstract>
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 <topic>Financial statement audits</topic>
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 <topic>Internal controls</topic>
 <topic>Foundations (organizations)</topic>
 <topic>Financial records</topic>
 <topic>Funds management</topic>
 <topic>Accounting procedures</topic>
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  <partNumber>Title 2 Section 807</partNumber>
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