{"database": "openregs", "table": "gao_reports", "rows": [["GAO-26-109196", "Congressional Award Foundation: Review of the FY 2025 Financial Statement Audit", "2026-09-16", "GAO-26-109196", null, null, "What GAO Found\n\nBased on the limited procedures GAO performed to review the performance of the independent public accountant\u2019s (IPA) audit of the Congressional Award Foundation\u2019s financial statements for fiscal year 2025, GAO did not identify any significant issues it believes require attention. Had GAO performed additional procedures, other matters related to the performance of the audit might have come to its attention that it would have reported.\n\nThe IPA provided an unmodified audit opinion on the Foundation\u2019s financial statements for fiscal years 2025 and 2024. Specifically, the IPA found that the Foundation\u2019s financial statements were presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles. For fiscal year 2025, the IPA did not identify any (1) deficiencies it considered to be material weaknesses in the Foundation\u2019s internal control over financial reporting or (2) instances of noncompliance or other matters that are required to be reported under U.S. generally accepted government auditing standards. The Foundation concurred with the IPA\u2019s conclusions.\n\nGAO\u2019s review of the Foundation\u2019s fiscal year 2025 financial statement audit, as differentiated from an audit of the financial statements, was not intended to enable GAO to express\u2014and it does not express\u2014an opinion on the Foundation\u2019s financial statements or a conclusion on the effectiveness of its internal control over financial reporting. Furthermore, GAO does not express an opinion on the Foundation\u2019s compliance with provisions of applicable laws, regulations, contracts, and grant agreements. The IPA is responsible for its reports on the Foundation and the conclusions expressed therein.\n\nGAO provided a draft of this report to the Foundation and the IPA for review and comment. The Foundation\u2019s National Director and the Foundation\u2019s Audit Committee Chair responded in an email that the Foundation continues to work on improving operations and internal controls over financial reporting on an ongoing basis. The IPA\u2019s Audit Principal responded in an email that the IPA had no comments regarding GAO\u2019s report.\n\nWhy GAO Did This Study\n\nThis report presents the results of GAO\u2019s review of the Foundation\u2019s financial statement audit for fiscal year 2025. The Congressional Award Act established the Congressional Award Board to carry out a program to promote excellence among the nation\u2019s youth in the areas of public service, personal development, physical fitness, and expedition or exploration. The Board created the Foundation as a nonprofit corporation to help it carry out this program. The Congressional Award Act, as amended by the Government Reports Elimination Act of 2014, requires the Foundation to obtain an annual financial statement audit from an IPA. The act also includes a provision for GAO to review the audit and report the results to the Congress annually.\n\nGAO\u2019s objective was to review the Foundation\u2019s fiscal year 2025 financial statement audit to identify any significant issues it believes require attention. To satisfy this objective, GAO (1) read and considered various documents with respect to the IPA\u2019s independence, objectivity, and qualifications; (2) analyzed key IPA audit documentation; (3) read the Foundation\u2019s financial statements for fiscal years 2025 and 2024, the IPA\u2019s audit report on the these statements, and the IPA\u2019s report on internal control over financial reporting and on compliance and other matters based on its audit; and (4) discussed matters pertinent to its objective with IPA representatives and Foundation management officials.\n\nFor more information, contact Cheryl E. Clark at clarkce@gao.gov.", null, null, null, null, null, null, null, "https://www.gao.gov/products/gao-26-109196", null]], "columns": ["package_id", "title", "date_issued", "report_number", "document_type", "doc_class", "abstract", "subjects", "public_laws", "usc_references", "statute_references", "citation", "pdf_url", "html_url", "detail_url", "sudocs"], "primary_keys": ["package_id"], "primary_key_values": ["GAO-26-109196"], "units": {}, "query_ms": 0.2686050138436258, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}