Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the American National Theater and	 
Academy for Fiscal Years 1998-2000 (27-APR-01, GAO-01-639R).	 
								 
GAO reviewed audit reports covering the financial statements of  
the American National Theater and Academy for the fiscal years	 
ended June 30, 2000, 1999, and 1998 to determine if the audit	 
reports complied with the financial reporting requirements of the
law. GAO's review disclosed no reportable instances of		 
noncompliance. The audit reports included the auditors' opinion  
that the financial statements of the corporation were presented  
fairly in accordance with generally accepted accounting 	 
principles.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-01-639R					        
    ACCNO:   A00921						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
             Statement Audit Reports for the American National Theater and    
             Academy for Fiscal Years 1998-2000                               
     DATE:   04/27/2001 
  SUBJECT:   Financial statement audits 			 
	     Reporting requirements				 
	     Federal corporations				 
	     Accounting standards				 
	     Audit reports					 

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GAO-01-639R

The American National Theater and Academy

United States General Accounting Office Washington, DC 20548

April 27, 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 American National Theater and Academy for Fiscal Years
1998- 2000

Dear Mr. Chairman: As requested, we reviewed the audit reports covering the
financial statements of The American National Theater and Academy, a
federally chartered corporation, for the fiscal years ended June 30, 2000,
1999, and 1998. The corporation?s purpose is to advance interest in drama
throughout the United States.

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- 639R The American National Theater and Academy 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 (194019)
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