DCCUMENT RESUME 03447 - (A2'13S591 [Review of the Audit Report of the National Icadlem of Sciences for the Year Ended June 30, 1976]. B-55712. Jujy 26, 1977. 1 pp. Report to Rep. Peter W. Rodino, Jr., Chairman, House Committee on +-9 Judiciary; by Robert F. Keller, Deputy Comptroller Gcneral. Is'Uo Area: Accounting and Financial Repo-ting (2800). Contact: Office of the Comptroller General. Budget Function: Miscellaneous-: Financial Ranagement and Information Systems (1002). Organization Concerned: Trans Country VFn Lines, Inc. Congressional Relevance: House Coumit+ee on the Judiciary. Authcrity: (P.L. 8O-504; 36 U.S.C. 110 ,- 13 Stat. 806. A review ,.f the audit report of t.e National ?cadcay of Sciences for the year .ided June 30, 1976, indicated that the audit and Zi-nncial reporting requirements of Public Law 88-504 had been net for fiscal year 1976. Findings/Conclusions: The andit repozt for this federally chartered corporation, which was prepared by a firn of certified public accountants, included a statement of the scope of +he audit aid the auditor's opinion that, subject to the effect, if any, on the financial statements of the resolution of certain disuted costs associated with U.S. Government contracts, the financial statements presented fairly the financial position of the National Academy of Fciences at June 30, 1976. It also presented the results of the operations and changes in fund balances for the year then ended in conformity vith generally accepted accounting principles applied on a basis consistent with the preceding year. (SC) J'c~k ~~----~, :~ X~J~ CO1APTROWIR GENERAL OF THE UNITED I;TATEB *W~~ ~ WAWING6TON. D.C. lI B-55712 JUL 2 6 1977 .4. The Honorable Peter W. Rodino, Jr. Chairmar., Committee on the Judicia y House of Representatives Dear Mr. Chairman: As requested in your letter of June 20, 1977, we have reviewed the audit report of the National Academy of Sciences for the y-ear ended June 30, 1976. Our review was directed to determining whether the report complies with ftne financial reporting requirements for federally chartered corporations set forth in Public Law 88-504, approved August 30, 1964 (36 U.S.C, 1101).. The National Academy of Scie:ices was chartered by the act of March 3, 1863 (13 Stat. 806). The audit report was prepared by a firm of certified public accountants. It included a statement of the scope of audit and the auditor's opinion that, sr-bject to the effect, if any, on the financial statements of the resolution of certain disputed costs associated with U.S. Government contracts, the financial statements present fairly the financial position of the National Academy of Sciences at June 30, 1976, and the results of operations and changes in fund balances for the year then ended, in conformity ,ith generally accepted accounting principles applied on a basis consistent with the precedLng year. In our opinion, the audit and financial reporting requirements of the act have been met for fiscal Year 1976. However, aLzording to our files, we have not received for review the National Academy of Sciences' audit report for the year ended June 30, 1975. We are returning the audit report sent with your letter of June 20, 1977. Sincerely yours, ' PF.tener rDf.zt-vComptroller General *of the United States Enclosure
Review of the Audit Report of the National Academy of Sciences for the Year Ended June 30, 1976
Published by the Government Accountability Office on 1977-07-26.
Below is a raw (and likely hideous) rendition of the original report. (PDF)