Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the Congressional Medal of Honor	 
Society of the United States of America of 2000-2002 (07-AUG-03, 
GAO-03-1075R).							 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the Congressional Medal of Honor Society of the United States 
of America, for fiscal years 2002, 2001, and 2000. GAO found no  
reportable instances of noncompliance. The audit report included 
the auditors' opinions that the financial statements of the	 
corportation were presented fairly in accordance with generally  
accepted principles.						 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-03-1075R					        
    ACCNO:   A07896						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Congressional Medal of Honor	 
Society of the United States of America of 2000-2002		 
     DATE:   08/07/2003 
  SUBJECT:   Financial statement audits 			 
	     Reporting requirements				 
	     Accounting standards				 
	     Federal corporations				 
	     Audit reports					 

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GAO-03-1075R

GAO- 03- 1075R Congressional Medal of Honor Society of the United States
of America United States General Accounting Office Washington, DC 20548

August 7, 2003 The Honorable F. James Sensenbrenner, Jr. Chairman,
Committee on the Judiciary House of Representatives

Subject: Federally Chartered Corporation: Review of the Financial
Statement Audit Reports for the Congressional Medal of Honor Society of
the United States of America for 2000- 2002 Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial
statements of the Congressional Medal of Honor Society of the United
States of America, a federally chartered corporation, for the years ended
December 31, 2002, 2001, and 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, and

obtain an annual financial audit by an independent public accountant. The
objective of our review was to determine whether the audit reports
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* reports. 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- 03- 1075R Congressional Medal of Honor Society of the United States
of America Page 2 The audit reports included the auditors* opinions that
the financial statements of the

corporation were presented fairly in accordance with U. S. generally
accepted accounting principles. We are returning the audit reports you
sent with your letter.

Sincerely yours, Jeanette M. Franzel Director Financial Management and
Assurance

w/ o Enclosures (194261)
*** End of document. ***