Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the Disabled American Veterans for	 
2002 and 2001 (07-AUG-03, GAO-03-1076R).			 
                                                                 
We reviewed the audit reports covering the financial statements  
of the Disabled American Veterans, for fiscal years 2002, and	 
2001. GAO's review disclosed no reportable instances of 	 
noncompliance with the financial reporting requirements of the	 
law. The audit reports 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-03-1076R					        
    ACCNO:   A07918						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Disabled American Veterans for	 
2002 and 2001							 
     DATE:   08/07/2003 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-03-1076R

GAO- 03- 1076R Disabled American Veterans

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 Disabled American Veterans for 2002 and
2001 Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial
statements of the Disabled American Veterans, a federally chartered
corporation, for the years ended December 31, 2002 and 2001. 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. S: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- 1076R Disabled American Veterans 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 letters.

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

w/ o Enclosures (194262)
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