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<titleInfo>
 <title>Federally Chartered Corporation: Financial Statement Audit Report for the American Council of Learned Societies for Fiscal Years 2003 and 2002</title>
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<abstract>GAO reviewed the audit reports covering the financial statements
of the American Council of Learned Societies for the fiscal year 
ended September 30, 2003, and 2002. GAO found no reportable	 
instances of noncompliance. The audit reports included the	 
auditors&apos; opinions that the financial statements of the 	 
corporation were presented fairly in accordance with U.S.	 
generally accepted accounting principles.</abstract>
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