Federally Chartered Corporation: Financial Statement Audit	 
Reports for the Military Chaplains Association of the United	 
States of America for Fiscal Years 2003 and 2002 (10-JUN-05,	 
GAO-05-510R).							 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the Military Chaplains Association of the United States of	 
America 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-05-510R					        
    ACCNO:   A26326						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Reports for the Military Chaplains Association of the	 
United States of America 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-05-510R

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
Reports for the Military Chaplains Association of the United States of
America for Fiscal Years 2003 and 2002

Dear Mr. Chairman:

As requested, we read the audit reports covering the financial statements
of the Military Chaplains Association of the United States of America, a
federally chartered corporation, for the fiscal years ended December 31,
2003, and 2002. The corporation's purpose is to assist chaplains in the
performance of their duties, promote the effectiveness of the military
chaplaincy, and encourage individuals to enter the chaplaincy.

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-05-510R Military Chaplains Association of the United States of America

The audit reports included the auditor's opinions that the financial
statements of the
corporation were presented fairly in accordance with U.S. generally
accepted
accounting principles. We are returning the audit reports you sent with
your letters.

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

(196050)

Page 2 GAO-05-510R Military Chaplains Association of the United States of
                                    America

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