Federally Chartered Corporation: Review of the Financial Statement Audit
Report for the National Council on Radiation Protection and Measurements
for 1998 (Correspondence, 08/25/2000, GAO/AIMD-00-303R).

Pursuant to a congressional request, GAO reviewed the audit report
covering the financial statements of the National Council on Radiation
Protection and Measurements, 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 auditor's opinion
that the financial statements of the corporation were presented fairly
in accordance with generally accepted accounting principles.

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

 REPORTNUM:  AIMD-00-303R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Report for the National Council on
	     Radiation Protection and Measurements for 1998
      DATE:  08/25/2000
   SUBJECT:  Reporting requirements
	     Financial statement audits
	     Radiation safety
	     Audit reports
	     Federal corporations
	     Corporate audits
	     Financial records
	     Auditing standards

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GAO/AIMD-00-303R

National Council on Radiation Protection and
Measurements

United States General Accounting Office Washington, DC 20548

Accounting and Information Management Division

B-285951 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 National Council on Radiation Protection and
Measurements for 1998

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the National Council on Radiation Protection and
Measurements, a federally chartered corporation, for the year ended December
31, 1998. The purpose of the corporation is to collect, analyze, develop,
and disseminate information and recommendations on radiation protection and
measurements in the public interests.

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-285951 GAO/AIMD-00-303R National Council on Radiation Protection
& Measurements 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

Enclosure (912003)
*** End of document. ***