Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the National Woman's Relief Corps,
Auxiliary to the Grand Army of the Republic for Fiscal Years
1998-2002 (18-SEP-03, GAO-03-1128R).
GAO reviewed the audit reports covering the financial statements
of the National Woman's Relief Corps., Auxiliary to the Grand
Army of the Republic for fiscal years 1998 through 2002. GAO
found no reportable instances of noncompliance. The audit reports
included the auditors' opinions that the financial statements of
the corporation were presented fairly on a modified cash basis of
accounting.
-------------------------Indexing Terms-------------------------
REPORTNUM: GAO-03-1128R
ACCNO: A08525
TITLE: Federally Chartered Corporation: Review of the Financial
Statement Audit Report for the National Woman's Relief Corps,
Auxiliary to the Grand Army of the Republic for Fiscal Years
1998-2002
DATE: 09/18/2003
SUBJECT: Accounting standards
Audit reports
Federal corporations
Financial statement audits
Reporting requirements
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GAO-03-1128R
GAO- 03- 1128R National Woman*s Relief Corps, Auxiliary to the Grand Army
of the Republic 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 Reports for the National Woman*s Relief Corps, Auxiliary
to the Grand Army of the Republic for Fiscal Years 1998- 2002 Dear Mr.
Chairman: As requested, we reviewed the audit reports covering the
financial statements of the National Woman*s Relief Corps, Auxiliary to
the Grand Army of the Republic, a federally chartered corporation, for the
fiscal years ended August 31, 1998 through August 31, 2002. The
corporation*s purpose is to perpetuate the memory of the Grand Army of the
Republic and to assist in the preservation and making available for
research, the documents and records pertaining to the Grand Army of the
Republic and its members.
Federally chartered corporations are required under 36 U. S. C. 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. 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- 1128R National Woman*s Relief Corps, Auxiliary to the Grand Army
of the Republic Page 2 The audit reports included the auditors* opinions
that the financial statements of the
corporation were presented fairly on a modified cash basis of accounting.
We are returning the audit reports you sent with your letters.
Sincerely yours, Jeanette M. Franzel Director Financial Management and
Assurance
w/ o Enclosures (194342)
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