Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for The Foundation of the Federal Bar	 
Association for Fiscal Years 2001 and 2000 (07-AUG-03,		 
GAO-03-1078R).							 
                                                                 
GAO reviewed the audit report covering the financial statements  
of The Foundation of the Federal Bar Association, for fiscal	 
years 2001 and 2000. GAO found no instances of noncompliance. The
audit report included the auditors' opinion that the financial	 
statements of the corporation were presented fairly in accordance
with generally accepted accounting principles.			 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-03-1078R					        
    ACCNO:   A07920						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for The Foundation of the Federal Bar	 
Association for Fiscal Years 2001 and 2000			 
     DATE:   08/07/2003 
  SUBJECT:   Audit reports					 
	     Financial statement audits 			 
	     Accounting standards				 
	     Reporting requirements				 
	     Federal corporations				 

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GAO-03-1078R

GAO- 03- 1078R The Foundation of the Federal Bar Association

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 Report for The Foundation of the Federal Bar Association
for Fiscal Years 2001 and 2000 Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial
statements of The Foundation of the Federal Bar Association, a federally
chartered corporation, for the fiscal years ended September 30, 2001 and
2000. The Foundation*s purposes are to promote the study of law through
various programs and to provide for the acquisition, presentation, and
exhibition of rare objects of historical interest relating to the law, the
courts, and the legal profession.

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 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- 03- 1078R The Foundation of the Federal Bar Association 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 Director Financial Management and
Assurance

w/ o Enclosure (194264)
*** End of document. ***