Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the 82nd Airborne Division		 
Association, Incorporated, for 2000 and 1999 (28-FEB-02,	 
GAO-02-458R).							 
								 
GAO reviewed the audit report covering the financial statements  
of the 82nd Airborne Division Association, Incorporated, for	 
fiscal years 2000 and 1999. GAO found no reportable instances of 
noncompliance. The audit report 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-02-458R					        
    ACCNO:   A02835						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the 82nd Airborne Division		 
Association, Incorporated, for 2000 and 1999			 
     DATE:   02/28/2002 
  SUBJECT:   Audit reports					 
	     Auditing standards 				 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-02-458R
     

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 Incorporated, for 2000 
Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial statements
of the 82nd Airborne Division Association, Incorporated, a federally
chartered corporation, for the years ended December 31, 2000 and 1999. The
corporation was established to promote fellowship among current and former
troopers throughout 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.

GAO-02-458R 82nd Airborne Division Association, Incorporated

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

(194097)

Page 2

GAO-02-458R 82nd Airborne Division Association, Incorporated
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