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 <title>Federally Chartered Corporation: Review of the Financial</title>
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<abstract>GAO reviewed the financial statement audit reports for the Navy Club of
the United States of America for fiscal year 1998. GAO found no
reportable instances of noncompliance with the requirements of the law,
and the audit report included the auditor&apos;s opinion that the financial
statements of the corporation were presented fairly in accordance with
generally accepted accounting principles.</abstract>
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