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 <title>Financial Audit: Federal Deposit Insurance Corporation&apos;s 2000 and 1999 Financial Statements</title>
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<abstract>GAO audited the financial statements for the Federal Deposit
Insurance Corporation&apos;s (FDIC) Bank Insurance Fund, Savings	 
Association Insurance Fund, and FSLIC Resolution Fund for 2000	 
and 1999. GAO found that (1) the financial statements of each	 
fund are presented fairly in conformity with U.S. generally	 
accepted accounting principles, (2) although certain internal	 
controls should be improved, FDIC had effective internal control 
over financial reporting and compliance with laws and		 
regulations, and (3) no reportable noncompliance with the laws	 
and regulations that GAO tested.</abstract>
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 <topic>Internal controls</topic>
 <topic>Accounting standards</topic>
 <topic>Corporate audits</topic>
 <topic>Federal corporations</topic>
 <topic>Funds management</topic>
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