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Federally Chartered Corporation: Review of the Financial Statement Audit Report for the American Legion for 1999 and 1998

GAO-02-153R Published: Oct 17, 2001. Publicly Released: Oct 17, 2001.
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Highlights

GAO reviewed the audit reports covering the financial statements of the American Legion for fiscal years 1998 and 1999. GAO found no reportable instances of noncompliance. The audit report included the auditor's opinion that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.

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Accounting standardsAudit reportsFederal corporationsFinancial statement auditsReporting requirementsFinancial statementsFederally chartered corporationFinancial managementRegulatory noncomplianceProgram implementation