Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the American Society of International 
Law for 2000 (28-FEB-02, GAO-02-455R).				 
								 
GAO reviewed the audit report covering the financial statements  
of The American Society of International Law for fiscal year	 
2000. GAO's review disclosed no reportable instances of 	 
noncompliance. The audit report contains the auditor's opinion	 
that the financial statements of the corporation were presented  
fairly in accordance with generally accepted accounting 	 
principles.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-02-455R					        
    ACCNO:   A02832						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the American Society of International 
Law for 2000							 
     DATE:   02/28/2002 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-02-455R
     

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 American Society of International Law, a federally chartered
corporation, for the year ended December 31, 2000. The corporation's purpose
is to foster the study of international law and promote the establishment
and maintenance of international relations on the basis of law and justice.

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-02-455R The American Society of International Law

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,

w/o Enclosure

(194094)

Page 2

GAO-02-455R The American Society of International Law
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