Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the National Academy of Public	 
Administration for Fiscal Year 2000 (17-MAY-02, GAO-02-757R).	 
                                                                 
GAO reviewed the financial statement audit reports for the	 
National Academy of Public Administration for fiscal year 2000.  
GAO found no reportable instances of noncompliance. The audit	 
report included 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-02-757R					        
    ACCNO:   A03387						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the National Academy of Public	 
Administration for Fiscal Year 2000				 
     DATE:   05/17/2002 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-02-757R
     
GAO- 02- 757R National Academy of Public Administration

United States General Accounting Office Washington, DC 20548

May 17, 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 Report for the National
Academy of Public Administration for Fiscal Year

2000 Dear Mr. Chairman: As requested, we reviewed the audit report covering
the financial statements of the National Academy of Public Administration, a
federally chartered corporation, for the fiscal year ended September 30,
2000. The corporation?s purpose is to provide independent advice and counsel
on government organization, processes, and programs.

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, and reviewed the auditors? report.
However, we did not review the auditors? working papers, and we are not
rendering an audit opinion. Our review disclosed no reportable instances of
noncompliance with the financial reporting

requirements of the law.

GAO- 02- 757R National Academy of Public Administration Page 2 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 (194100)
*** End of document. ***