Federally Chartered Corporation: Financial Statement Audit Report
for the Catholic War Veterans of the United States of America,	 
Incorporated, for Fiscal Year 2003 (10-JUN-05, GAO-05-500R).	 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the Catholic War Veterans of the United States of America,	 
Incorporated, for fiscal year 2003. GAO found no reportable	 
instances of noncompliance. The audit reports 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-05-500R					        
    ACCNO:   A26303						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Report for the Catholic War Veterans of the United States  
of America, Incorporated, for Fiscal Year 2003			 
     DATE:   06/10/2005 
  SUBJECT:   Financial statement audits 			 
	     Audit reports					 
	     Veterans						 
	     Accounting standards				 
	     Federal corporations				 
	     Reporting requirements				 

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GAO-05-500R

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 Catholic War Veterans of the United States of America,
Incorporated, for Fiscal Year 2003

Dear Mr. Chairman:

As requested, we read the audit report covering the financial statements
of the Catholic War Veterans of the United States of America,
Incorporated, a federally chartered corporation, for the fiscal year ended
June 30, 2003. The corporation's activities are primarily directed at
stimulating the interest of the nation in the problems of veterans and
their widows and orphans; promoting the country; and preserving,
protecting, and defending the Constitution.

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-05-500R Catholic War Veterans of the United States of America,
Incorporated

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 Enclosures

(196039)

Page 2 GAO-05-500R Catholic War Veterans of the United States of America,
                                  Incorporated

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