Federally Chartered Corporation: Review of the Financial Statement Audit
Reports for the Military Order of the Purple Heart of the United States
of America, Inc., for Fiscal Years 1997-2000 (Correspondence, 02/20/2001,
GAO/GAO-01-399R).

GAO reviewed the financial statement audit reports for the Military
Order of the Purple Heart of the United States of America, Inc., for
fiscal years ended 2000, 1999, 1998, and 1997. GAO found no reportable
instances of noncompliance with the requirements of the law, and the
audit reports 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-01-399R
     TITLE:  Federally Chartered Corporation: Review of the Financial
	     Statement Audit Reports for the Military Order of the
	     Purple Heart of the United States of America, Inc., for
	     Fiscal Years 1997-2000
      DATE:  02/20/2001
   SUBJECT:  Accounting standards
	     Audit reports
	     Corporate audits
	     Federal corporations
	     Financial records
	     Financial statement audits
	     Reporting requirements

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GAO-01-399R

Military Order of the Purple Heart of the U. S. A., Inc.

United States General Accounting Office Washington, DC 20548

February 20, 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 Reports for the Military Order of the Purple Heart of the United
States of America, Inc., for Fiscal Years 1997- 2000

Dear Mr. Chairman: As requested, we reviewed the audit reports covering the
financial statements of the Military Order of the Purple Heart of the United
States of America, Inc., a federally chartered corporation, for the fiscal
years ended June 30, 2000, 1999, 1998, and 1997. The corporation's
membership includes combat wounded veterans who are recipients of the Purple
Heart.

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 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- 399R Military Order of the Purple Heart of the U. S. A., 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 Enclosures (194011)
*** End of document. ***