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 <title>Federally Chartered Corporation: Financial Statement Audit Report for the National Federation of Music Clubs for Fiscal Year 2004</title>
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<abstract>GAO reviewed the audit reports covering the financial statements
of the National Federation of Music Clubs, for fiscal year ended 
June 30, 2004. GAO found no reportable instances of		 
noncompliance. The audit reports included the auditor&apos;s opinions 
that the financial statements of the corporation were presented  
fairly on a modified cash basis of accounting.</abstract>
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