-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-02-979R						        

TITLE:     Federally Chartered Corporation: Review of the 
Financial Statement Audit Report for the Boy Scouts of America for 
2000

DATE:   07/26/2002 
				                                                                         
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GAO-02-979R

   GAO- 02- 979R Boy Scouts of America

   United States General Accounting Office Washington, DC 20548

   July 26, 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 Boy Scouts of America for 2000 Dear Mr. Chairman:

   As requested, we reviewed the audit report covering the financial
   statements of the Boy Scouts of America, a federally chartered
   corporation, for the year ended December 31, 2000. The corporation*s
   purpose is to promote the ability of boys to do things for themselves and
   others; to train them in scoutcraft; and to teach them patriotism,
   courage, self- reliance, and kindred values.

   Federally chartered corporations are required under 36 U. S. C. S: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- 979R Boy Scouts of America Page 2 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, Jeanette M. Franzel Director Financial Management and
   Assurance

   w/ o Enclosure (194134)
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