Federally Chartered Corporation: Review of the Financial	 
Statement Audit Report for the National Conference on Citizenship
for Fiscal Years 2002 and 2001 (10-OCT-03, GAO-04-68R). 	 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the National Conference on Citizenship for fiscal years 2002  
and 2001. GAO found no reportable instances of noncompliance with
the financial reporting requirements. The audit report 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-04-68R 					        
    ACCNO:   A08700						        
  TITLE:     Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the National Conference on Citizenship
for Fiscal Years 2002 and 2001					 
     DATE:   10/10/2003 
  SUBJECT:   Accounting standards				 
	     Financial statement audits 			 
	     Audit reports					 
	     Reporting requirements				 
	     Federal corporations				 

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GAO-04-68R

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 Report for the National Conference on Citizenship for
Fiscal Years 2002 and 2001

Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial
statements of the National Conference on Citizenship, a federally
chartered corporation, for the fiscal years ended June 30, 2002 and 2001.
The corporation's purpose is to promote citizenship throughout the
country.

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,
and

o  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-04-68R National Conference on Citizenship

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

w/o Enclosure

(194329)

Page 2

GAO-04-68R National Conference on Citizenship

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