Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Vietnam Veterans of America, Inc.,
for Fiscal Year 2000 (21-AUG-01, GAO-01-1093R). 		 
								 
GAO reviewed the audit report covering the financial statements  
of the Vietnam Veterans of America, Inc., for fiscal year 2000.  
GAO found no reportable instances of noncompliance. The audit	 
report included the auditors' opinions that the financial	 
statements of the corporation were presented fairly in accordance
with generally accepted accounting principles.			 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-01-1093R					        
    ACCNO:   A01646						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
             Statement Audit Report for the Vietnam Veterans of America, Inc.,
             for Fiscal Year 2000                                             
     DATE:   08/21/2001 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Veterans						 
	     Reporting requirements				 

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GAO-01-1093R
     
GAO- 01- 1093R Vietnam Veterans of America, Inc.

United States General Accounting Office Washington, DC 20548

August 21, 2001 The Honorable F. James Sensenbrenner, Jr. Chairman,
Committee on the Judiciary House of Representatives

Subject: Federally Chartered Corporation: Review of the Financial Statement
Audit Report for the Vietnam Veterans of America, Inc., for Fiscal Year 2000

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Vietnam Veterans of America, Inc., a federally
chartered corporation, for the fiscal year ended February 29, 2000. The
corporation?s purpose is to assist Vietnam- era veterans and their families.

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 auditors? 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 auditors?
report, and made inquiries to corporation officials or the auditors as we
deemed necessary. We did not review the auditors? working papers. Our review
disclosed no reportable instances of noncompliance.

GAO- 01- 1093R Vietnam Veterans of America, Inc. Page 2 The audit report
included the auditors? 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, Jeffrey C. Steinhoff Managing Director Financial Management
and Assurance

w/ o Enclosure (194067)
*** End of document. ***