Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Boy Scouts of America for 1999	 
(27-APR-01, GAO-01-640R).					 
								 
GAO reviewed the audit report covering the financial statements  
of the Boy Scouts of America for the fiscal year ended December  
31, 1999, to determine whether the audit report complied with the
financial reporting requirements of law. GAO's review disclosed  
no reportable instances of noncompliance with the law and 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-01-640R					        
    ACCNO:   A00920						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
             Statement Audit Report for the Boy Scouts of America for 1999    
     DATE:   04/27/2001 
  SUBJECT:   Financial statement audits 			 
	     Accounting standards				 
	     Reporting requirements				 
	     Federal corporations				 
	     Audit reports					 

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GAO-01-640R

Boy Scouts of America

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 Report for the Boy Scouts of America for 1999

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Boy Scouts of America, a federally chartered
corporation, for the year ended December 31, 1999. The corporation?s purpose
is to promote the ability of boys to do things for themselves and others; to
train them in scoutcraft; and to teach them patriotism, courage, self-
reliance, and kindred virtues.

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- 640R Boy Scouts of America 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 (194020)
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