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Financial Audit: Congressional Award Foundation's Fiscal Years 2005 and 2004 Financial Statements

GAO-06-682 Published: May 15, 2006. Publicly Released: May 15, 2006.
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Highlights

This report presents our opinion on the financial statements of the Congressional Award Foundation for the fiscal years ended September 30, 2005, and 2004. These financial statements are the responsibility of the Congressional Award Foundation. This report also presents (1) our opinion on the effectiveness of the Foundation's related internal control as of September 30, 2005, and (2) our conclusion on the Foundation's compliance in fiscal year 2005 with selected provisions of laws and regulations we tested. 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. This report also includes our determination required under section 104(c)(2)(A) of the Act (2 U.S.C. 804(c)(2)(A)) relating to the Foundation's financial operations.

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Audit reportsFinancial statement auditsInternal controlsReporting requirementsFinancial statementsFinancial reportingFinancial managementAccounts payableAccounting standardsFinancial audit