Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for The American National Theater and	 
Academy for Fiscal Years 2001 and 2000 (05-JUN-03, GAO-03-855R). 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the American National Theater and Academy, for the fiscal	 
years 2001 and 2000. GAO found no reportable instances of	 
noncompliance. The audit report included the auditors' opinion	 
that the financial statements of the corporation were presented  
fairly in accordance with generally accepted accounting 	 
principles.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-03-855R					        
    ACCNO:   A07095						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for The American National Theater and	 
Academy for Fiscal Years 2001 and 2000				 
     DATE:   06/05/2003 
  SUBJECT:   Audit reports					 
	     Financial statement audits 			 
	     Accounting standards				 
	     Federal corporations				 
	     Reporting requirements				 

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GAO-03-855R

GAO- 03- 855R The American National Theater and Academy

United States General Accounting Office Washington, DC 20548

June 5, 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 American National Theater and Academy for Fiscal Years 2001
and 2000 Dear Mr. Chairman: As requested, we reviewed the audit report
covering the financial statements of The American National Theater and
Academy, a federally chartered corporation, for the fiscal years ended
June 30, 2001 and 2000. The corporation*s purpose is to advance interest
in drama throughout the United States.

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 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- 855R The American National Theater and Academy 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

Enclosure (194224)

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