Federally Chartered Corporation: Review of the Financial Statement Audit Report for the 82nd Airborne Division Association, Incorporated, for 1997

Published by the Government Accountability Office on 1999-03-26.

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

      United States

GAO   General Accounting Office
      Washington, D.C. 20548

      Accounting and Information
      Management Division


      March 26,1999

      The Honorable Henry J. Hyde
      Chairman, Committee on the Judiciary
      House of Representatives

      Subject: Federallv Chartered Corooration: Review of the Financial Statement
               Audit Renort for the 82”dAirborne Division Association. Incoroorated. for

      Dear Mr. Chairman:

      As requested, we reviewed the audit report covering the financial statements of the 82”d
      Airborne Division Association, a federally chartered corporation, for the year ended
      December 31,1997. The corporation was established to promote fellowship among current
      and former troopers throughout the United States.

      Federally chartered corporations are required under 36 U.S.C. 1102-1103to

      *   present the corporation’s assets and liabilities and reasonable detail on the corporation’s
          income and expenses in annual tina.&al statements,

      l   obtain an annual financial audit by an independent public accountant, and

      .   submit the auditor’s report and the corporation’s fmancial statements to the Congress.

      The objective of our review was to determine whether the audit report complied with the
      financial reporting requirements of the law. In carrying out our work, we reviewed the
      corporation’s financial statements and the accompanying notes, performed certain analytical
      procedures related to information @ resentedin the financial statements, reviewed the
      auditor’s report, and made inquiries to corporation officials or the auditor as we deemed
      necessary- We did not review the auditor’s working papers. Our review disclosed no
      reportable instances of noncompliance.

                                                     GAO/AIMD-99-120R 82ti Airborne Division, Inc.

The audit report included the auditor’s opinion thaithe financial statements of the
corporation were fairly presented in conformity with generally accepted accountig
principles. We are returning the audit report you sent with your l&tier.

David L. Clark
Director, Audit Oversight and Liaison

w/o enclosure


Page 2
                                                GAO/AIMD-99-120R 82ti Airborne Division, Inc.
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