Federally Chartered Corporation: Review of the Financial Statement Audit
Report for the National Conference on Citizenship for Fiscal Years 1998
and 1999 (Correspondence, 06/16/2000, GAO/AIMD-00-220R).

Pursuant to a congressional request, GAO reviewed the audit report
covering the financial statements of the National Conference on
Citizenship for the fiscal years ended June 30, 1998 and 1999, focusing
on whether the audit report complied with the financial reporting
requirements of the law.

GAO noted that: (1) nothing came to GAO's attention that would cause it
to believe that the financial reporting requirements of the law have not
been met; and (2) the audit report included the auditor's opinion that
the financial statements of the corporation were presented fairly in
accordance with generally accepted accounting principles.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-00-220R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Report for the National Conference on
	     Citizenship for Fiscal Years 1998 and 1999
      DATE:  06/16/2000
   SUBJECT:  Audit reports
	     Financial statement audits
	     Financial records
	     Federal corporations
	     Reporting requirements
	     Accounting standards
	     Citizenship

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GAO/AIMD-00-220R

MACROBUTTON B-285346 DOCPROPERTY B-number

   *
   * June 16, 2000

The Honorable Henry J. Hyde

Chairman, Committee on the Judiciary

House of Representatives

Subject: Federally Chartered Corporation: Review of the Financial Statement
Audit

Report for the National Conference on Citizenship for Fiscal Years 1998 and
1999

Dear Mr. Chairman:

   * As requested, we reviewed the audit report covering the financial
     statements of the National Conference on Citizenship, a federally
     chartered corporation, for the fiscal years ended June 30, 1998 and
     1999. The corporation's purpose is to promote citizenship throughout
     the country.
   * Federally chartered corporations are required under 36 U.S.C. 10101 to

   * present the corporation's assets and liabilities and reasonable detail
     on the corporation's income and expenses in annual financial
     statements,
   * obtain an annual financial audit by an independent public accountant,
     and
   * submit the auditor's report and the corporation's financial statements
     to the Congress.

The objective of our review was to determine whether the audit report
complied with the financial reporting requirements of the law. In carrying
out our work, we reviewed the corporation's financial statements and the
accompanying notes, performed certain analytical procedures related to
information presented in the financial statements, reviewed the auditor's
report, and made inquiries to corporation officials or the auditor as we
deemed necessary. We did not review the auditor's working papers. Our review
disclosed no reportable instances of noncompliance.

The audit report included the auditor's opinion that the financial
statements of the corporation were presented fairly, in all material
respects, in accordance with generally accepted accounting principles. We
are returning the audit report you sent with your letter.

Sincerely yours,

David L. Clark

Director, Audit Oversight and Liaison

w/o Enclosure

(911975)

  
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