Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the American War Mothers for Fiscal	 
Year 2000 (25-JUN-01, GAO-01-891R).				 
								 
GAO reviewed the audit report covering the financial statements  
of the American War Mothers, for the fiscal year ended August 31,
2000, to determine whether the report complied with the financial
reporting requirements of the law. GAO found no reportable	 
instances of noncompliance with applicable 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-01-891R					        
    ACCNO:   A01282						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
             Statement Audit Report for the American War Mothers for Fiscal   
             Year 2000                                                        
     DATE:   06/25/2001 
  SUBJECT:   Federal corporations				 
	     Financial statement audits 			 
	     Audit reports					 
	     Reporting requirements				 
	     Accounting standards				 

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GAO-01-891R
     
GAO- 01- 891R American War Mothers

United States General Accounting Office Washington, DC 20548

June 25, 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 American War Mothers for Fiscal Year 2000

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the American War Mothers, a federally chartered
corporation, for the fiscal year ended August 31, 2000. The corporation?s
purposes include assisting the men and women who served and were wounded or
incapacitated in the World Wars or other conflicts of 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 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- 891R American War Mothers 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 (194039)
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