Created by the National and Community Service Trust Act of 1993, the Corporation provides opportunities for Americans to serve their communities through: Senior Corps, AmeriCorps, VISTA, National Civilian Community Corps and Learn and Serve America. The 1993 Act also established the Office of Inspector General, which conducts independent and objective audits and investigations of Corporation programs and operations to prevent and deter waste, fraud and abuse. It also recommends policies to Corporation management to promote economy and efficiency.
Each federal agency has an Office of Inspector General (OIG) that provides independent oversight of the agency’s programs and operations. The office is responsible for promoting efficiency and effectiveness in agency programs and for preventing and detecting fraud, waste, and abuse.
The Trust financial statements present fairly, in all material respects, the financial position of the Trust as of September 30, 2014 and 2013, and its net cost of operations, changes in net position, cash flows, and budgetary resources for the years then ended, in accordance with accounting principles generally accepted in the United States of America.