The Temporary Corporate Credit Union Stabilization Fund'sfinancial statements "present fairly, in all material respects,''the fund's financial statement, according to an audit released lateyesterday by the NCUA.
The technical term for the finding is that the auditor"expressed an unqualified [without reservations] opinion,'' aboutthe presentation of the fund's numbers.
The audit, which was conducted by KPMG, also "did not identifyany deficiencies in internal control over financial reporting thatwe consider material weakness.''
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