Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Agricultural Hall of Fame for 2000
and 1999 (28-FEB-02, GAO-02-453R).				 
								 
GAO reviewed the audit reports covering the financial statements 
of Agricultural Hall of Fame, for fiscal years 2000, and 1999.	 
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-02-453R					        
    ACCNO:   A02830						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the Agricultural Hall of Fame for 2000
and 1999							 
     DATE:   02/28/2002 
  SUBJECT:   Federal corporations				 
	     Financial statement audits 			 
	     Auditing standards 				 
	     Audit reports					 
	     Reporting requirements				 

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GAO-02-453R
     

United States General Accounting Office Washington, DC 20548

February 28, 2002

The Honorable F. James Sensenbrenner, Jr. Chairman, Committee on the
Judiciary House of Representatives

Subject: Federally Chartered Corporation: Review of the Financial Statement
Audit 
Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial statements
of the Agricultural Hall of Fame1, a federally chartered corporation, for
the years ended December 31, 2000 and 1999. The Agricultural Hall of Fame
was established to honor farmers and others who have made outstanding
contributions to the establishment, development, advancement, or improvement
of agriculture in 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.

 1 The Agricultural Hall of Fame also goes by the name National Agricultural
                          Center and Hall of Fame.

                   GAO-02-453R Agricultural Hall of Fame

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,

Jeanette M. Franzel
Acting Director
Financial Management and Assurance

w/o Enclosure

(194092)

                Page 2 GAO-02-453R Agricultural Hall of Fame
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