Report to the Congress: Examination of Financial Statements of Federal Prison Industries, Inc1973 - 15 pages |
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109 courses 1972 the corporation 20 Federal prisons Accident compensation adjustments on items assets Attorney authorizations and cancellation Board of Directors Bureau of Prisons changes in financial compensation to inmates COMPTROLLER conducted 51 Congress construction authorizations corporation policy governing corporation should establish current accounting theory Department of Justice depreciation donated two buildings donations of real Employment placement services ENDED JUNE 30 existing corporation policy Federal Prison Industries Federal prisons training financial position financial statements fiscal year 1972 FISCAL YEARS ENDED indus industrial profits industry had sales investment of U.S. June 23 Leavenworth legal donations Lompoc ment Meritorious compensation million Miscellaneous sales offer inmates offered in 109 OPERATING EXPENSES policy governing approvals poration position at yearend POSTRELEASE EMPLOYMENT postrelease job real property Reimbursable salaries Secretary of Defense subjects as welding Sundry income tion training were presently U.S. Government vocational training program whereby all legal written policy whereby yearend showed
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Page 8 - Our examination was made in accordance with generally accepted auditing standards and included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 1 - December 31, 1971, and the results of its operations and changes in financial position for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period.
Page 4 - Service (SCS) and the Agricultural Stabilization and Conservation Service (ASCS) of the Department of Agriculture.