Federally Chartered Corporation: Financial Statement Audit Report
for the National Tropical Botanical Garden for Fiscal Years 2003 
and 2002 (12-MAY-06, GAO-06-687R).				 
                                                                 
GAO reviewed the audit reports covering the financial statements 
of the National Tropical Botanical Garden for Fiscal Years 2003  
and 2002. GAO found no reportable instances of noncompliance. The
audit report included the auditor's opinion that the financial	 
statements of the corporation were presented fairly in accordance
with U.S. generally accepted accounting principles.		 
-------------------------Indexing Terms------------------------- 
REPORTNUM:   GAO-06-687R					        
    ACCNO:   A53864						        
  TITLE:     Federally Chartered Corporation: Financial Statement     
Audit Report for the National Tropical Botanical Garden for	 
Fiscal Years 2003 and 2002					 
     DATE:   05/12/2006 
  SUBJECT:   Accounting standards				 
	     Audit reports					 
	     Federal corporations				 
	     Financial statement audits 			 
	     Reporting requirements				 

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GAO-06-687R

     

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           May 12, 2006

The Honorable F. James Sensenbrenner, Jr.

Chairman

Committee on the Judiciary

House of Representatives

Subject: Federally Chartered Corporation: Financial Statement Audit Report
for the National Tropical Botanical Garden for Fiscal Years 2003 and 2002

Dear Mr. Chairman:

           As requested, we read the audit report covering the financial
           statements of the
           National Tropical Botanical Garden, a federally chartered
           corporation, for the fiscal years ended December 31, 2003, and
           2002. The corporation's purpose is to establish and operate, for
           the benefit of the people of the United States, a tropical
           botanical garden for encouraging and conducting research in basic
           and applied tropical botany.
           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 audit documentation,
and we are not rendering an audit opinion.

The audit report included the auditor's opinion that the financial
statements of the corporation were presented fairly in accordance with
U.S. 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. This letter will be available at no charge on GAO's Web
site at http://www.gao.gov .

If you have any questions or would like to discuss this letter, please
contact me at (202) 512-3406 or by e-mail at [email protected] . Contact
points for our Offices of Congressional Relations and Public Affairs may
be found on the last page of this letter. Key contributors to this letter
were Charles Payton, Assistant Director; David Elder; and Lien To.

Sincerely yours,

Steven J. Sebastian

Director Financial Management and Assurance

(196100)

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