Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the Congressional Medal of Honor	 
Society of the United States of America for 2000 (28-FEB-02,	 
GAO-02-456R).							 
								 
GAO reviewed the audit report covering the financial statements  
of the Congressional Medal of Honor Society of the United States 
of America, for fiscal year 2000. GAO found no reportable	 
instances of noncompliance. The audit report included the	 
auditors' opinion that the financial statements of the		 
corporation were presented fairly on a modified cash basis of	 
accounting.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-02-456R					        
    ACCNO:   A02833						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the Congressional Medal of Honor	 
Society of the United States of America for 2000		 
     DATE:   02/28/2002 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-02-456R
     

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 United States 
Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial statements
of the Congressional Medal of Honor Society of the United States of America,
a federally chartered corporation, for the year ended December 31, 2000. The
society's purposes are to preserve the dignity and honor of the Medal,
protect its recipients from exploitation, foster patriotism, and inspire
youth to worthy citizenship.

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-02-456R Congressional Medal of Honor Society of the United States of
                                  America

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,

Jeanette M. Franzel
Acting Director
Financial Management and Assurance

w/o Enclosure

(194095)

Page 2 GAO-02-456R Congressional Medal of Honor Society of the United States
                                 of America
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