Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the Military Chaplains Association of
the United States of America for 2001 and 2000 (18-SEP-03,
GAO-03-1124R).
We reviewed the audit reports covering the financial statements
of the Military Chaplains Association of the United States of
America, for fiscal years 2000 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-03-1124R
ACCNO: A08521
TITLE: Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the Military Chaplains Association of
the United States of America for 2001 and 2000
DATE: 09/18/2003
SUBJECT: Audit reports
Financial statement audits
Reporting requirements
Accounting standards
Federal corporations
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GAO-03-1124R
GAO- 03- 1124R The Military Chaplains Association of the United States of
America United States General Accounting Office Washington, DC 20548
September 18, 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 Military Chaplains Association of the
United States of America for 2001 and 2000 Dear Mr. Chairman:
As requested, we reviewed the audit report covering the financial
statements of The Military Chaplains Association of the United States of
America, a federally chartered corporation, for the years ended December
31, 2001 and 2000. The corporation*s purpose is to assist chaplains in the
performance of their duties, promote the effectiveness of the military
chaplaincy, and encourage individuals to enter the chaplaincy.
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- 1124R The Military Chaplains Association of the United States of
America 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 (194338)
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