Profiles of Existing Government Corporations - US Government ...

26
CORPORATION mK)rrLe
ccc
FIRARCIALADDIT 7: Subject to the GCCA. The General
Accounting Office (GAO) is to perfora a financial audit at 18a8t
once SVeq three yaar8. The audit shall bo consistent vith
principles and procedures applicable to coraPercial-type
transactions. ThA ccc Shall r8inbUrSA GAO for the COSt Of the
audit.
FINANCIAL AUDITOR: GAO
OTRRR ADDIT RRQU-: None Sp8Cifi8d
OTBER AUDITOR: None specifieda
ADDITRD: Fiscal year (FY) 1967 audited financial atatam8nts
OPINION: Qualified: CCC roceivad a qualified opinion b8CaUSS it
did not r8fleCt l @tiMted 108808 on foreign loans in it's
financial 8t8temont8. CCC did not estimate these 1008a8 because
there pO88ible diSClO8UrO would be a highly 8en8itive i88~8
involving InternatiOnAl rSlatiOn8 wh080 ultimat8 resolution rest
with tba departrentm of State and TrOASury.
A-GPRIRCIPLRS: Accounting rOCOrd8 arm maintained on
accrual bASi8 and fina?ICiAl StAteBOntS arm prepared i f: accordanca
with generally accepted accounting principl88 (GMP).
RlnmmRs: s13,229,ao2,oooc
APPRoPRIATIoNs ExPmmRD: S25,362,443,000
ExPasRs: sm,ao7,529,oood
M INCONR (UDSS): Sl,056,047,000e
GRANTS ISSDRD: Nona
mAlrsIsmJRD: S16,S66,266,000f
LOAN PA- RRCRIVRD: 513,693,674,000
IDAN I1x1sRs: Noneg
IluI V: Nonm
LOANS OUTSTANDING: Sl4,731,762,000
IDMLUIT: Nom
IMSDRANCR UYPSTANDING: None