Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Military Order of the World Wars  
for Fiscal Year 2000 (30-NOV-01, GAO-02-261R).			 
								 
GAO reviewed the audit report covering the financial statements  
of the Military Order or the World Wars 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 on a modified cash basis of
accounting.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-02-261R					        
    ACCNO:   A02522						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the Military Order of the World Wars  
for Fiscal Year 2000						 
     DATE:   11/30/2001 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-02-261R
     
GAO- 02- 261R Military Order of the World Wars

United States General Accounting Office Washington, DC 20548

November 30, 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 Military Order of the World Wars for Fiscal Year 2000

Dear Mr. Chairman: As requested, we reviewed the audit report covering the
financial statements of the Military Order of the World Wars, a federally
chartered corporation, for the fiscal year ended June 30, 2000. The
corporation?s purpose is to promote military service associations; patriotic
education; and military, naval, and air science.

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- 261R Military Order of the World Wars Page 2 The audit report
included the auditors? opinion that the financial statements of the

corporation were presented fairly on a modified cash basis of accounting. 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 (194077)
*** End of document. ***