Federally Chartered Corporation: Review of the Financial
Statement Audit Reports for the Jewish War Veterans of the united
States of America, Inc., for Fiscal Years 2000-2002 (07-AUG-03,
GAO-03-1081R).
GAO reviewed the audit reports covering the financial statements
of the Jewish War Veterans of the United States of America, Inc.,
for fiscal years 2002, 2001, and 2000. GAO found no reportable
instances of noncompliance. 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.
-------------------------Indexing Terms-------------------------
REPORTNUM: GAO-03-1081R
ACCNO: A07926
TITLE: Federally Chartered Corporation: Review of the Financial
Statement Audit Reports for the Jewish War Veterans of the united
States of America, Inc., for Fiscal Years 2000-2002
DATE: 08/07/2003
SUBJECT: Financial statement audits
Audit reports
Accounting standards
Reporting requirements
Federal corporations
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GAO-03-1081R
GAO- 03- 1081R Jewish War Veterans of the United States of America, Inc.
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 Jewish War Veterans of the United States
of America, Inc., for Fiscal Years 2000- 2002 Dear Mr. Chairman:
As requested, we reviewed the audit reports covering the financial
statements of the Jewish War Veterans of the United States of America,
Inc., a federally chartered corporation, for the fiscal years ended August
31, 2002, 2001, and 2000. The corporation*s purpose is to preserve the
records of patriotic service performed by the men and women of the Jewish
faith and honor their memory.
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. We also held limited discussions with the corporation*s
auditors regarding potential enhancements that could be made to the
corporation*s financial reporting. 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- 1081R Jewish War Veterans of the United States of America, Inc.
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 (194267)
*** End of document. ***