Audit of financial statements of Saint Lawrence Seaway Development Corporation, calendar year 1975, Department of Transportation: report to the Congress by the Comptroller General of the United States

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U.S. General Accounting Office, 1976 - 17 pages
 

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Page 7 - Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 1 - Corporation to consummate certain arrangements with the Saint Lawrence Seaway Authority of Canada relative to construction and operation of the seaway; empowering the Corporation to finance the United States...
Page 7 - December 31, 1969 and the results of its operations and the source and application of its funds for the year then ended, in accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding year.
Page 7 - ... and reported the books to be in excellent condition and efficiently kept. A mimeograped copy of the audit was mailed in January, 1955, to each member of the Association in accordance with a recommendation made by a previous Auditing Committee. 2. Your Committee believes that the auditor's examination included such tests of accounting records and such other auditing procedures as were necessary in the circumstances. 3. In our opinion the Balance Sheet and Statements of Income and Expenses present...
Page 16 - September 30, 2001, there were no claims pending against the Corporation. In addition to the current liabilities at September 30, 2001 and 2000 there were undelivered orders and contracts amounting to $1,753,751 and $1,697,676, respectively.
Page 7 - December 3l, l975 and l974, and the related statements of revenues and expenses and source and application of its funds for the calendar years then ended in accordance with generally accepted auditing standards.
Page 2 - Management's financial projections indicate that beginning in 1978, the Corporation will not be able to meet the revenue bond redemption schedule detailed below.

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