Congressional Award Foundation: Management Action Still Needed to Establish and Document Control Requirements and Related Procedures

摘要

In May 2000, we issued a report' expressing our opinion on the Congressional Award Foundation's fiscal year 1999 financial statements and on management's assertions regarding the Foundation's system of internal control as of September 30,1999. We also reported on the results of our tests of the Foundation's compliance with selected provisions of laws and regulations during fiscal year 1999. We conducted our audit pursuant to the Congressional Award Act, as amended (2 U.S.C. 807), and in accordance with generally accepted government auditing standards. The purpose of this management letter is to reemphasize the continuing need for the Foundation's management to strengthen internal controls, especially in the five areas previously reported to you in our July 1999 management letter.