FINANCIAL AUDIT: Senate Restaurants Revolving Fund for Fiscal Years 2000 and 1999
Abstract
As you requested, we provided for an audit of the financial statements of the United States Senate Restaurants Revolving Fund (the Fund) for the fiscal years ended September 30, 2000 and 1999, by contracting with the independent public accounting firm of KPMG Peat Marwick LLP (KPMG). The contract required that the audit be done in accordance with U.S. generally accepted government auditing standards and GAO's Financial Audit Manual. In its audit of the Fund, KPMG found the following: The financial statements were fairly presented in conformity with U.S. generally accepted accounting principles. Management's assertion that internal control in place on September 30, 2000, was effective in safeguarding assets against loss from unauthorized acquisition, use, or disposition; assuring material compliance with laws and regulations; and assuring that there have been no material misstatements in the financial statements is fairly stated. There was no reportable noncompliance with selected provisions of laws and regulations it tested.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 2001
- Accession Number
- ADA387820
Entities
Organizations
- United States Government Accountability Office