Summary

Pursuant to a congressional request, GAO reviewed the audit report covering the financial statements of the American Ex-Prisoners of War Incorporated, for the fiscal year ended August 31, 1998, focusing on whether the audit report complied with the financial reporting requirements of the law.

GAO noted that: (1) nothing came to GAO's attention that would cause it to believe that the financial reporting requirements of the law have not been met; and (2) the audit report included the auditor's opinion that the financial statements of the corporation were fairly presented on a modified cash basis of accounting.