Federally Chartered Corporation: Review of the Financial	 
Statement Audit Reports for the National Fallen Firefighters	 
Foundation for 2002 and 2001 (10-OCT-03, GAO-04-24R).		 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the National Fallen Firefighters Foundation for fiscal years  
2002 and 2001. GAO found no reportable instances of		 
noncompliance. The audit reports included the auditors' opinions 
that the financial statements of the corporation were presented  
fairly with generally accepted accounting standards.		 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-04-24R 					        
    ACCNO:   A08690						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the National Fallen Firefighters	 
Foundation for 2002 and 2001					 
     DATE:   10/10/2003 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-04-24R

United States General Accounting Office Washington, DC 20548

October 10, 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 Fallen Firefighters Foundation
for 2002 and 2001

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial
statements of the National Fallen Firefighters Foundation, a federally
chartered corporation, for the years ended December 31, 2002 and 2001. The
corporation's purposes are to encourage, accept, and administer private
gifts of property for the benefit of the National Fallen Firefighters'
Memorial and the associated annual memorial service; provide financial
assistance to families of fallen firefighters for transportation and
lodging during the annual memorial service; assist State and local efforts
to recognize firefighters who die in the line of duty; and provide
scholarships and other financial assistance for educational purposes and
job training for the spouses and children of fallen firefighters.

Federally chartered corporations are required under 36 U.S.C. S:10101 to

o  	present the corporation's assets and liabilities and reasonable detail
on the corporation's income and expenses in annual financial statements,

o  obtain an annual financial audit by an independent public accountant,
and

o  	submit the auditors' report and the corporation's financial statements
to the Congress.

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-04-24R National Fallen Firefighters Foundation

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

(194330)

Page 2

GAO-04-24R National Fallen Firefighters Foundation

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