The National Consumer Cooperative Bank: Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-eighth Congress, First Session, May 24, and June 14, 1983
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
U.S. Government Printing Office, 1983 - Banks and banking, Cooperative - 606 pages
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accounting activities addition Administration allowance amount applications appropriations assets Bank's believe Board Member Board of Directors borrowers California capital advances CCDC Chairman ST GERMAIN changes Co-op Bank commitments committee Congress Consumer Cooperative Bank contract Corporation costs December 31 discuss election Employee ended established examination executive expenses experience fact Federal Fund future going Government Greenwald Gross housing included income increase institution interest investments lending limited loans losses low-income March meet Michigan million Mohn months National Consumer Cooperative NCCB notes offices operations organizations outstanding percent period policies portfolio position present president problem question received regional responsible Self-Help September 30 serve SOLLARS staff statements structure technical assistance tion Title Treasury vote Washington York
Page 339 - The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles.
Page 339 - In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of a system...
Page 98 - Education is hereby created, to consist of the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Labor, the United States Commissioner of Education, and three citizens of the United States to be appointed by the President, by and with the advice and consent of the Senate.
Page 475 - If confirmed, are there any issues from which you may have to recuse or disqualify yourself because of a conflict of interest or the appearance of a conflict of interest?
Page 461 - Services. (A) A lawyer shall not enter into an agreement for, charge, or collect an illegal or clearly excessive fee. (B) A fee is clearly excessive when, after a review of the facts, a lawyer of ordinary prudence would be left with a definite and firm conviction that the fee is in excess of a reasonable fee.
Page 340 - Because of inherent limitations in any system of internal accounting control, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study and evaluation made for the limited purposes described in the first paragraph would not necessarily disclose all...
Page 246 - 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. In our opinion, the accompanying financial statements present fairly the financial position of...
Page 246 - In our opinion, the financial statements referred to above present fairly the financial position of (company name) as of (date) and the results of its operations and the changes in its financial position for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.