Federally Chartered Corporation: Financial Statement Audit Report
for the 82nd Airborne Division Association, Incorporated, for	 
Fiscal Years 2003 and 2002 (10-JUN-05, GAO-05-501R).		 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the 82nd Airborne Division Association, Incorporated, 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 in accordance with generally accepted accounting 	 
principles.							 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-05-501R					        
    ACCNO:   A26317						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Report for the 82nd Airborne Division Association,	 
Incorporated, for Fiscal Years 2003 and 2002			 
     DATE:   06/10/2005 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-05-501R

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 82nd Airborne Division Association, Incorporated, for
Fiscal Years 2003 and 2002

Dear Mr. Chairman:

As requested, we read the audit report covering the financial statements
of the 82nd Airborne Division Association, Incorporated, a federally
chartered corporation, for the fiscal years ended December 31, 2003, and
2002. The corporation was established to promote fellowship among current
and former troopers throughout 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 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-05-501R 82nd Airborne Division Association, 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 Enclosure

(196040)

      Page 2 GAO-05-501R 82nd Airborne Division Association, Incorporated

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