Federally Chartered Corporation: Review of the Financial Statement Audit
Reports for the Jewish War Veterans of the United States of America,
Incorporated for Fiscal Years 1999 and 1998 (Correspondence, 10/27/2000,
GAO/GAO-01-138R).

GAO reviewed the Jewish War Veterans of the United States of America,
Incorporated, fiscal years 1999 and 1998 financial statement audit
report to determine whether the report complied with the financial
reporting requirements of the law. GAO's review disclosed no reportable
instances of noncompliance, and 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:  GAO-01-138R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Reports for the Jewish War Veterans
	     of the United States of America, Incorporated for Fiscal
	     Years 1999 and 1998
      DATE:  10/27/2000
   SUBJECT:  Veterans
	     Financial statement audits
	     Audit reports
	     Federal corporations
	     Accounting standards
	     Reporting requirements
	     Corporate audits
	     Financial records

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GAO-01-138R

GAO- 01- 138R Jewish War Veterans of the United States of America, Inc.

United States General Accounting Office Washington, DC 20548

October 27, 2000 The Honorable Henry J. Hyde Chairman, Committee on the
Judiciary House of Representatives

Subject: Federally Chartered Corporation: Review of the Financial Statement
Audit Reports for the Jewish War Veterans of the United States of America,
Incorporated for Fiscal Years 1999 and 1998

Dear Mr. Chairman: As requested, we reviewed the audit reports covering the
financial statements of the Jewish War Veterans of the United States of
America, Incorporated, a federally chartered corporation, for the years
ended August 31, 1999 and 1998. The corporation's purpose is to preserve the
records of patriotic service performed by the men and women of the Jewish
faith and honor their memory.

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 auditors' report and the corporation's financial statements to
the Congress.

The objective of our review was to determine whether the audit reports
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'
reports, 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- 138R Jewish War Veterans of the United States of America, Inc. Page
2 The audit reports included the auditors' opinions that the financial
statements of the

corporation were presented fairly in accordance with generally accepted
accounting principles. We are returning the audit reports you sent with your
letter.

Sincerely yours, Jeffrey C. Steinhoff Managing Director Financial Management
and Assurance

w/ o Enclosure (912006)
*** End of document. ***