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 <subject>Financial records</subject>
 <subject>Financial statement audits</subject>
 <subject>Financial statements</subject>
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<titleInfo>
 <title>Financial Audit: Congressional Award Foundation&apos;s Fiscal Years 2007 and 2006 Financial Statements</title>
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<abstract>This report presents our opinion on the financial statements of
the Congressional Award Foundation (the Foundation) for the	 
fiscal years ended September 30, 2007, and 2006. These financial 
statements are the responsibility of the Foundation. This report 
also presents (1) our opinion on the effectiveness of the	 
Foundation&apos;s related internal control as of September 30, 2007,  
and (2) the results of our tests of the Foundation&apos;s compliance  
in fiscal year 2007 with selected provisions of laws and	 
regulations. We conducted our audit pursuant to section 107 of	 
the Congressional Award Act, as amended (2 U.S.C. 807), and in	 
accordance with U.S. generally accepted government auditing	 
standards.</abstract>
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<identifier type="preferred citation">GAO-08-715</identifier>
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 <searchTitle>GAO-08-715; Financial Audit: Congressional Award Foundation&apos;s Fiscal Years 2007 and 2006 Financial Statements;
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 <topic>Accounting standards</topic>
 <topic>Federal funds</topic>
 <topic>Financial management</topic>
 <topic>Financial records</topic>
 <topic>Financial statement audits</topic>
 <topic>Financial statements</topic>
 <topic>Foundations (organizations)</topic>
 <topic>Fund audits</topic>
 <topic>Funds management</topic>
 <topic>Internal controls</topic>
 <topic>Tax expenditures</topic>
 <topic>Tax return audits</topic>
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  <partNumber>Title 2 Section 807</partNumber>
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 <identifier type="USC citation">2 U.S.C. 807</identifier>
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  <title>United States Public Law 114 (96th Congress)</title>
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 <identifier type="public law citation">Public Law 96-114</identifier>
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  <title>United States Public Law 143 (109th Congress)</title>
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 <identifier type="public law citation">Public Law 109-143</identifier>
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