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)
*** End of document. ***