Federally Chartered Corporation
Review of the Financial Statement Audit Report for the Naval Sea Cadet Corps for 1998 and 1997 Gao ID: GAO-01-141R October 27, 2000GAO reviewed the financial statement audit reports for the Naval Sea Cadet Corps for 1998 and 1997. GAO found no reportable instances of noncompliance with the requirements of the law, and the audit report included the auditor's opinion that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.