Federally Chartered Corporation: Review of the Financial Statement Audit
Report for the Jewish War Veterans, U.S.A., National Memorial,
Incorporated, for Fiscal Year 1999 (Correspondence, 08/25/2000,
GAO/AIMD-00-299R).

Pursuant to a congressional request, GAO reviewed the financial
statement audit report for the Jewish War Veterans, U.S.A., National
Memorial, Incorporated, focusing on whether the audit report complied
with the financial reporting requirements of the law.

GAO noted that: (1) GAO's review disclosed no reportable instances of
noncompliance; and (2) the audit report included the audtior's opinion
that the financial statements corporation were presented fairly in
accordance with generally accepted accounting principles.

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

 REPORTNUM:  AIMD-00-299R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Report for the Jewish War Veterans,
	     U.S.A., National Memorial, Incorporated, for Fiscal Year
	     1999
      DATE:  08/25/2000
   SUBJECT:  Financial records
	     Reporting requirements
	     Financial statement audits
	     Audit reports
	     Federal corporations
	     Corporate audits

******************************************************************
** This file contains an ASCII representation of the text of a  **
** GAO Testimony.                                               **
**                                                              **
** No attempt has been made to display graphic images, although **
** figure captions are reproduced.  Tables are included, but    **
** may not resemble those in the printed version.               **
**                                                              **
** Please see the PDF (Portable Document Format) file, when     **
** available, for a complete electronic file of the printed     **
** document's contents.                                         **
**                                                              **
******************************************************************
GAO/AIMD-00-299R

Jewish War Veterans, U. S. A., National Memorial,
Inc.

United States General Accounting Office Washington, DC 20548

Accounting and Information Management Division

B- 285946 August 25, 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 Jewish War Veterans, U. S. A., National Memorial,
Incorporated, for Fiscal Year 1999

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Jewish War Veterans, U. S. A., National
Memorial, Incorporated, a federally chartered corporation, for the fiscal
year ended March 31, 1999. The corporation's purposes include maintaining a
national memorial and museum dedicated to commemorating the service and
sacrifice by Americans of the Jewish faith in the Armed Forces of the United
States during periods of war.

Federally chartered corporations are required under 36 U. S. C. 10101 to

ï¿½ present the corporation's assets and liabilities and reasonable detail on
the corporation's income and expenses in annual financial statements,

ï¿½ obtain an annual financial audit by an independent public accountant, and

ï¿½ 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.

B- 285946 GAO/ AIMD– 00- 299R Jewish War Veterans, U. S. A., National
Memorial, Inc. Page 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. We are returning the audit report you sent with your
letter.

Sincerely yours, David L. Clark Director, Audit Oversight and Liaison

w/ o enclosure (911999)
*** End of document. ***