Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the Disabled American Veterans for
2000 (28-FEB-02, GAO-02-457R).
GAO reviewed the audit report covering the financial statement of
the Disabled American Veterans for fiscal year 2000. GAO's review
disclosed no reportable instances of noncompliance. The audit
report included the auditors' opinion that the financial
statements of the corporation were presented fairly in accordance
with generally accepted accounting principles.
-------------------------Indexing Terms-------------------------
REPORTNUM: GAO-02-457R
ACCNO: A02834
TITLE: Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the Disabled American Veterans for
2000
DATE: 02/28/2002
SUBJECT: Accounting standards
Audit reports
Federal corporations
Financial statement audits
Reporting requirements
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GAO-02-457R
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 Disabled American Veterans, a federally chartered corporation, for
the year ended December 31, 2000. The corporation's purpose is to provide
professional assistance to veterans and their families in obtaining benefits
and services and to represent the interests of disabled veterans.
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-02-457R Disabled American Veterans
The audit report included the auditors' opinion that the financial
statements of the
corporation were presented fairly in accordance with U. S. generally
accepted
accounting principles. We are returning the audit report you sent with your
letter.
Sincerely yours,
w/o Enclosure
(194096)
Page 2
GAO-02-457R Disabled American Veterans
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