Federally Chartered Corporation: Financial Statement Audit Report
for the General Federation of Women's Clubs for Fiscal Year 2003 
(10-JUN-05, GAO-05-504R).					 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the General Federation of Women's Clubs 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-05-504R					        
    ACCNO:   A26320						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Report for the General Federation of Women's Clubs 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-05-504R

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 General Federation of Women's Clubs for Fiscal Year 2003

Dear Mr. Chairman:

As requested, we read the audit report covering the financial statements
of the General Federation of Women's Clubs, a federally chartered
corporation, for the fiscal year ended June 30, 2003. The corporation's
objective is to communicate with and unite the various women's clubs and
like organizations throughout the world for their mutual benefit and to
promote their common educational, industrial, philanthropic, literary,
artistic, and scientific interests.

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-05-504R General Federation of Women's Clubs

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

(196043)

             Page 2 GAO-05-504R General Federation of Women's Clubs

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