Federally Chartered Corporation: Review of the Financial Statement Audit
Report for the Disabled American Veterans for 1999 (Correspondence,
10/27/2000, GAO/GAO-01-165R).

GAO reviewed the financial statement audit reports for the Disabled
American Veterans' for 1999. GAO found no reportable instances of
noncompliance with the requirements of the law, 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-01-165R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Report for the Disabled American
	     Veterans for 1999
      DATE:  10/27/2000
   SUBJECT:  Audit reports
	     Financial statement audits
	     Federal corporations
	     Accounting standards
	     Reporting requirements
	     Financial records
	     Veterans benefits
	     Disability benefits

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GAO-01-165R

Disabled American Veterans

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 Report for the Disabled American Veterans for 1999

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Disabled American Veterans, a federally
chartered corporation, for the year ended December 31, 1999. The
corporation's purpose is to provide professional assistance to veterans and
their families in obtaining benefits and services and to represent the
interests of disabled veterans.

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 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- 165R Disabled American Veterans 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

Enclosure (912005)
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