Federally Chartered Corporation: Financial Statement Audit	 
Reports for the National Conference of State Societies, 	 
Washington, District of Columbia, for Fiscal Years 2003 and 2002 
(30-SEP-05, GAO-05-1033R).					 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the National Conference of State Societies, Washington,	 
District of Columbia, for Fiscal Years 2003 and 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 cash basis of	 
accounting.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-05-1033R					        
    ACCNO:   A38878						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Reports for the National Conference of State Societies,	 
Washington, District of Columbia, for Fiscal Years 2003 and 2002 
     DATE:   09/30/2005 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Financial statement audits 			 
	     Federal corporations				 
	     Reporting requirements				 

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GAO-05-1033R

United States Government Accountability Office Washington, DC 20548

September 30, 2005

The Honorable F. James Sensenbrenner, Jr.
Chairman
Committee on the Judiciary
House of Representatives

Subject: 	Federally Chartered Corporation: Financial Statement Audit
Reports for the National Conference of State Societies, Washington,
District of Columbia, for Fiscal Years 2003 and 2002

Dear Mr. Chairman:

As requested, we read the audit reports covering the financial statements
of the National Conference of State Societies, Washington, District of
Columbia, a federally chartered corporation, for the fiscal years ended
May 31, 2003 and 2002. The corporation's purpose is to promote friendly
and cooperative relations between the various state and territorial
societies in the District of Columbia, and to foster, participate in, and
encourage educational, cultural, charitable, civic, and patriotic programs
and activities in the District of Columbia.

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.

Our objective was to advise you of any matters in the reports regarding
compliance with the financial reporting requirements of the law. In
carrying out our work, we read the corporation's financial statements and
the accompanying notes, performed certain analytical procedures related to
information presented in the financial statements, and read the auditor's
reports. We also held limited discussions with the corporation's auditor
regarding potential enhancements that could be made to the corporation's
financial reporting. We did not identify any instance of noncompliance
with the above financial reporting requirements of the law.

We did not perform an audit or review the auditor's working papers, and we
are not rendering an audit opinion.

              GAO-05-1033R National Conference of State Societies

The audit reports included the auditor's opinions that the financial
statements of the corporation were presented fairly on a cash basis of
accounting. We are returning the audit reports you sent with your letter.

This letter is intended solely for your use and the use of the Committee
on the Judiciary. This letter will be available at no charge on GAO's Web
site at http://www.gao.gov.

If you have any questions or would like to discuss this letter, please
contact me at (202) 512-3406 or by e-mail at [email protected]. Contact
points for our Offices of Congressional Relations and Public Affairs may
be found on the last page of this letter. Key contributors to this letter
were David Elder, Charles Payton, and Lien To.

Sincerely yours,

Steven J. Sebastian
Director
Financial Management and Assurance

w/o Enclosures

(196056)

           Page 2 GAO-05-1033R National Conference of State Societies
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