Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the Gold Star Wives for America,	 
Incorporated, for Fiscal Year 2002 (07-AUG-03, GAO-03-1080R).	 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the Gold Star Wives of America, Incorporated, for fiscal year 
2002. GAO found no reportable instances of noncompliance. The	 
audit reports included the auditors' opinions that the financial 
statement of the corporation was presented fairly in accordance  
with generally accepted accounting standards.			 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-03-1080R					        
    ACCNO:   A07925						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Gold Star Wives for America,	 
Incorporated, for Fiscal Year 2002				 
     DATE:   08/07/2003 
  SUBJECT:   Audit reports					 
	     Financial statement audits 			 
	     Accounting standards				 
	     Reporting requirements				 
	     Federal corporations				 

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GAO-03-1080R

GAO- 03- 1080R Gold Star Wives of America, Incorporated

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 Gold Star Wives of America, Incorporated,
for Fiscal Year 2002 Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial
statements of the Gold Star Wives of America, Incorporated, a federally
chartered corporation, for the fiscal year ended May 31, 2002. The
corporation*s purpose is to operate in the public interest for patriotic,
charitable, literary, educational, scientific, or civic improvement
purposes to honor the memory of those who have served the United States.

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- 1080R Gold Star Wives of America, Incorporated 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 (194266)
*** End of document. ***