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 1999-06-30 monographic deposited born digital 90 p. GA 1.13:AIMD-99-202 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-202 P0b002ee1803a0f0b f:ai99202 DGPO 2010-08-12 2011-03-23 GAOREPORTS-AIMD-99-202 machine generated eng fdlp REPORT GAOREPORTS-AIMD-99-202 AIMD-99-202 Reporting requirements Internal controls Financial statement audits Financial records Audits Federal corporations Fund audits Auditing standards Bank Insurance Fund Savings Association Insurance Fund FSLIC Resolution Fund BIF SAIF Letter Report AIMD

Pursuant to a legislative requirement, GAO reviewed the financial statements of the Bank Insurance Fund (BIF), the Savings Association Insurance Fund, and the Federal Savings and Loan Insurance Corporation Resolution Fund for the years ended December 31, 1998 and 1997. GAO also reviewed: (1) the Federal Deposit Insurance Corporation (FDIC) management's assertions regarding the effectiveness of its internal control as of December 31, 1998; and (2) FDIC's compliance with laws and regulations during 1998.<p/>GAO noted that: (1) the financial statements of each fund were fairly presented in all material respects; (2) FDIC management fairly stated that internal control in place on December 31, 1998, was effective in ensuring that there were no material misstatements in the financial statements of the three funds administered by FDIC, and ensuring material compliance with selected laws and regulations; and (3) there was no reportable noncompliance with laws and regulations GAO tested. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-202/html/GAOREPORTS-AIMD-99-202.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-202/pdf/GAOREPORTS-AIMD-99-202.pdf GAO/AIMD-99-202 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-202 Letter Report GAO/AIMD-99-202; Financial Audit: Federal Deposit Insurance Corporation's; Reporting requirements Internal controls Financial statement audits Financial records Audits Federal corporations Fund audits Auditing standards Bank Insurance Fund Savings Association Insurance Fund FSLIC Resolution Fund BIF SAIF Title 12 Section 1827 12 U.S.C. 1827 Public Law 103-327 Public Law 104-208 Public Law 105-61 Public Law 105-277