Federally Chartered Corporation: Financial Statement Audit Report
for the American War Mothers for Fiscal Year 2003 (10-JUN-05,	 
GAO-05-499R).							 
                                                                 
GAO reviewed the audit report covering the financial statements  
of the American War Mothers for fiscal year 2003. GAO found no	 
reportable instances of noncompliance. The audit reports 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-05-499R					        
    ACCNO:   A26302						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Report for the American War Mothers for Fiscal Year 2003	 
     DATE:   06/10/2005 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-05-499R

United States Government Accountability Office Washington, DC 20548

June 10, 2005

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

Subject: 	Federally Chartered Corporation: Financial Statement Audit
Report for the American War Mothers for Fiscal Year 2003

Dear Mr. Chairman:

As requested, we read the audit report covering the financial statements
of the American War Mothers, a federally chartered corporation, for the
fiscal year ended August 31, 2003. The corporation's purposes include
assisting the men and women who served and were wounded or incapacitated
in the World Wars or Conflicts of the United States.

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 report 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
report. 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-05-499R American War Mothers

The audit report included the auditor's opinion that the financial
statements of the
corporation were presented fairly in accordance with United States
generally
accepted accounting principles. We are returning the audit report you sent
with your
letter.

This letter is intended solely for your use and the use of the Committee
on the
Judiciary.

Sincerely yours,

Steven J. Sebastian
Director
Financial Management and Assurance

w/o Enclosure

(196038)

                    Page 2 GAO-05-499R American War Mothers

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