Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Big Brothers-Big Sisters of	 
America for Fiscal Year 2000 (17-OCT-01, GAO-02-154R).		 
								 
GAO reviewed the audit reports covering the financial statements 
of the Big Brothers-Big Sisters of America for fiscal year 2000. 
GAO found no reportable instances of noncompliance. 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-02-154R					        
    ACCNO:   A02338						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the Big Brothers-Big Sisters of	 
America for Fiscal Year 2000					 
     DATE:   10/17/2001 
  SUBJECT:   Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 
	     Accounting standards				 
	     Audit reports					 

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GAO-02-154R
     
GAO- 02- 154R Big Brothers- Big Sisters of America

United States General Accounting Office Washington, DC 20548

October 17, 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 Big Brothers- Big Sisters of America for Fiscal Year
2000

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Big Brothers- Big Sisters of America, a
federally chartered corporation, for the fiscal year ended March 31, 2000.
The corporation?s purpose is to make a positive difference in the lives of
children and youth, primarily through a professionally supported one- to-
one relationship with a caring adult, and to assist them in achieving their
highest potential.

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- 02- 154R Big Brothers- Big Sisters 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 (194073)
*** End of document. ***