Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the Jewish War Veterans, U.S.A.,	 
National Memorial, Incorporated, for Fiscal Year 2001 (07-AUG-03,
GAO-03-1082R).							 
                                                                 
We reviewed the audit reports covering the financial statements  
of the Jewish War Veterans of the United States of America,	 
National Memorial Inc., for fiscal year 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-03-1082R					        
    ACCNO:   A07927						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Jewish War Veterans, U.S.A.,	 
National Memorial, Incorporated, for Fiscal Year 2001		 
     DATE:   08/07/2003 
  SUBJECT:   Audit reports					 
	     Financial statement audits 			 
	     Accounting standards				 
	     Federal corporations				 
	     Reporting requirements				 

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GAO-03-1082R

GAO- 03- 1082R Jewish War Veterans, U. S. A., National Memorial, 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 Report for the Jewish War Veterans, U. S. A., National
Memorial, Incorporated, for Fiscal Year 2001 Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial
statements of the Jewish War Veterans, U. S. A., National Memorial,
Incorporated, a federally chartered corporation, for the fiscal year ended
March 31, 2001. The corporation*s purposes include maintaining a national
memorial and museum dedicated to commemorating the service and sacrifice
by Americans of the Jewish faith in the Armed Forces of the United States
during periods of war.

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- 1082R Jewish War Veterans, U. S. A., National Memorial, Inc. Page
2 The audit report included the auditors* opinion that the financial
statements of the

corporation were presented fairly in accordance with U. S. 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 (194268)
*** End of document. ***