Financial Audit:

Congressional Award Foundation's Fiscal Years 2011 and 2010 Financial Statements

GAO-12-682: Published: May 15, 2012. Publicly Released: May 15, 2012.

Additional Materials:

Contact:

Steven J. Sebastian
202-512-9521
sebastians@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

What GAO Found

In accordance with section 107 of the Congressional Award Act, as amended (2 U.S.C. § 807), we are responsible for conducting audits of the Congressional Award Foundation’s (the Foundation) financial statements. In our audits of the Foundation’s financial statements for fiscal years 2011 and 2010, we found

  • the financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles;
  • no material weaknesses
  • no reportable noncompliance with laws and regulations we tested.

Why GAO Did This Study

This report presents the results of our audits of the financial statements of the Congressional Award Foundation (the Foundation) as of and for the fiscal years ending September 30, 2011, and 2010. These financial statements are the responsibility of the Foundation. This report contains our (1) unqualified opinions on the Foundation’s financial statements, (2) results of our consideration of the Foundation’s internal control over financial reporting, and (3) conclusion that our tests of the Foundation’s compliance with selected provisions of laws and regulations disclosed no instances of reportable noncompliance during fiscal year 2011. The report also discusses a significant matter related to the Foundation’s fiscal year 2010 annual federal information return filing.

For additional information, contact Steven J. Sebastian at sebastians@gao.gov or 202-512-9521.

Jul 30, 2014

Jul 9, 2014

Jun 19, 2014

May 30, 2014

May 15, 2014

May 13, 2014

May 12, 2014

May 2, 2014

Mar 27, 2014

Looking for more? Browse all our products here