tailieunhanh - United States General Accounting Office GAO August 1995 Report to Congressional Committees

Kế toán tổng hợp Văn phòng Washington, DC 20548 Phòng Kế toán và quản lý thông tin B-261197 ngày 08 tháng 8 1995 Chủ tịch danh dự Strom Thurmond Các danh dự Sam Nunn Xếp hạng của cổ đông thiểu số thành viên Ủy ban Quân vụ Thượng viện Mỹ Floyd Spence Chủ tịch danh dự Ronald danh dự V. Dellums Xếp hạng của cổ đông thiểu số thành viên Ủy ban về an ninh quốc gia Nhà đại diện Quốc phòng Đạo luật Ủy quyền cho năm tài chính 1988 và 1989 . | GAO United States General Accounting Office_ Report to Congressional Committees August 1995 FINANCIAL AUDIT Review of the Audit of SEMATECH s Financial Statements for 1994 GAO AIMD-95-168 This is trial v - This is trial version GAO United States General Accounting Office Washington . 20548 Accounting and Information Management Division B-261197 August 8 1995 The Honorable Strom Thurmond Chairman The Honorable Sam Nunn Ranking Minority Member Committee on Armed Services United States Senate The Honorable Floyd Spence Chairman The Honorable Ronald V. Dellums Ranking Minority Member Committee on National Security House of Representatives The National Defense Authorization Act for Fiscal Years 1988 and 1989 Public Law 100-180 requires that we review the annual audits of the financial statements of SEMATECH Inc. a consortium of . semiconductor manufacturers and the Department of Defense and provide comments to you on the statements accuracy and completeness. This report the seventh in response to the legislative requirement 1 presents the results of our review of the audit conducted by Price Waterhouse an independent public accountant of SEMATECH s financial statements for the year ending December 31 1994. Results in Brief Price Waterhouse s opinion dated January 26 1995 stated that SEMATECH s 1994 financial statements are fairly presented in all material respects in conformity with generally accepted accounting principles. Also as required by generally accepted government auditing standards Price Waterhouse issued reports on SEMATECH s internal control structure and its compliance with laws and regulations. These reports disclosed no material internal control weaknesses or noncompliance with laws and regulations. Price Waterhouse also issued a management letter to SEMATECH making a recommendation to improve documentation over off-site assets. This issue although not material with respect to the 1994 financial statements was .