oversight

Review of the Audit Report of the Veterans of World War I for Year Ended September 30, 1976

Published by the Government Accountability Office on 1977-03-29.

Below is a raw (and likely hideous) rendition of the original report. (PDF)

                           DOCUO!BIT RESOUI
00310 - rA1051880]   (Restricted)
CReview cf the Audit Report of the tV:erans of ecrld War I for
Year Ended, 9/30/761. B-55712. larch 29, 1977. 1 pp.
Report to Rap. Peter M. Rodino, Jr., Chairmar, House Coammittee
on the Judiciary; by Robert F. Kellaer Deputy Coaptrollar
General.
Issue Area: Internal Auditing Syste.*: audtt Reports Quclity and
    Fcllovup (203).
contact: office of the Comptrcller General.
Budget Function: General Government: Central Fiscal Operations
     (803).
Congreasional Relevance: Bouse Committee on the Judiciary.
Authority:   (P.L. 88-50; 36 U.S.C. 1101). 36 U.S.C. 761.
         GAO revieuvd the audit report of the Veterans of Yorld
Var I for the year aded September 30, 1976, in crder to
determine whether it complied with the financial reporting
r-:uiremants for federally chartered corporetiona.
Findings/conclusions: The posblic accountant who prepared the
audit report stated that .    financial statements aowuing the
group'. financial condlJ',on and tbh results of the yeares
operations conformed with generally accepted acccwsting
principles. The accounting procedures used were consistent with
those used in the preceding year. It was concluded that the
aoudt and financial reporting requireaent of the chartering act
were set. (DJE)
       4•1B1v•      (OMPTROLU.R     Wq41CRAL OF TM1 U"MUTU
                                  'Wdl~emIGN.r   D.C. ISm
                                                              STA'U




B-55712
                                                                      MAR 2 lWI

The Honorable Peter V. Rodino, Jr.
Chairman, Comittee on the Judiciary
House of Representatives

Dear Mr. Chairmav

     As requested in your letter of March 11, 1977, we have reviewed the
audit report of the Veterans of World War I of the United States -of America
for the year ended September 30, 1976. Our review was directed to determin-
ing whether the report complies v'th the financial reporting requiremaents
for federally chartered corporations set forth in Public Law 88-504, approved
August 30, 1964 (36 U.S.C. 1101). The Veterans of World War I of the United
States of America was chartered by the act of July 18, 1958 (36 U.S.C. 761).

      The audit report was prepared by a certified public accountant.  It
included a statement of the scope of audit and the auditor's opinion that
the financial statem '.cs present fairly the financial position of the Veter-
ans of World War I of the United States of America at September 30, 1976,
and the results of operctions for the year then ended, in conformity with
general!, r.cepted accan.tng principles applied on a basis consistent with
tCot preceding year. L. our opinion, the audit and ffnancial reporting require-
menLs of the act have been met.

     'Je ,.re returning the audit' report sent with your letter of March'll;      1977.

                                             Sincerely yours,


                                                 R. P. J=.r
                                   Deputr Comptroller General
                                          of the United States
Enclosure




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