Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Aviation Hall of Fame for 1999 and
1998 (26-JUN-01, GAO-01-892R).					 
								 
GAO reviewed the audit report covering the financial statements  
of the Aviation Hall of Fame. 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-01-892R					        
    ACCNO:   A01283						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
             Statement Audit Report for the Aviation Hall of Fame for 1999 and
             1998                                                             
     DATE:   06/26/2001 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-01-892R
     
GAO- 01- 892R Aviation Hall of Fame

United States General Accounting Office Washington, DC 20548

June 26, 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 Aviation Hall of Fame for 1999 and 1998

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Aviation Hall of Fame, a federally chartered
corporation, for the years ended December 31, 1999 and 1998. The
corporation?s purpose is to honor citizens, aviation leaders, pilots, and
others for outstanding contributions to the establishment, development,
advancement, or improvement of aviation, and to perpetuate the memory of
them and record their contributions.

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- 892R Aviation Hall of Fame 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 (194040)
*** End of document. ***