Federally Chartered Corporation: Financial Statement Audit Report
for the National Woman's Relief Corps, Auxiliary to the Grand
Army of the Republic, Inc., for Fiscal Years 2005 and 2004
(26-JAN-07, GAO-07-329R).
GAO reviewed the audit reports covering the financial statements
of the National Woman's Relief Corps, Auxiliary to the Grand Army
of the Republic, Inc., for fiscal years ended August 31, 2005 and
2004. GAO found no reportable instances of noncompliance. The
audit reports included the auditor's opinion that the financial
statements of the corporation were presented fairly on a modified
cash basis of accounting.
-------------------------Indexing Terms-------------------------
REPORTNUM: GAO-07-329R
ACCNO: A65244
TITLE: Federally Chartered Corporation: Financial Statement
Audit Report for the National Woman's Relief Corps, Auxiliary to
the Grand Army of the Republic, Inc., for Fiscal Years 2005 and
2004
DATE: 01/26/2007
SUBJECT: Accounting standards
Audit reports
Federal corporations
Financial statement audits
Reporting requirements
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GAO-07-329R
* [1]end of correspond & Test.pdf
* [2]PDF6-Ordering Information.pdf
* [3]Order by Mail or Phone
January 26, 2007
The Honorable F. James Sensenbrenner, Jr.
House of Representatives
Subject: Federally Chartered Corporation: Financial Statement Audit Report
for the National Woman's Relief Corps, Auxiliary to the Grand Army of the
Republic, Inc., for Fiscal Years 2005 and 2004
Dear Mr. Sensenbrenner:
As requested, we read the audit report covering the financial
statements of the National Woman's Relief Corps, Auxiliary to the
Grand Army of the Republic, Inc., a federally chartered
corporation, for the fiscal years ended August 31, 2005 and 2004.
The corporation's purposes include perpetuating the memory of the
Grand Army of the Republic and assisting in the preservation and
making available for research the documents and records pertaining
to the Grand Army of the Republic and its members.
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 on a modified cash
basis of accounting. We are returning the audit report you sent with your
letter.
This letter is intended solely for your use. 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
Franklin Ng.
Sincerely yours,
Steven J. Sebastian
Director
Financial Management and Assurance
(196134)
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