oversight

Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Military Chaplains Association of the United States of America for 1997

Published by the Government Accountability Office on 1999-03-30.

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

           United States

iSA0       General Accounting Office
           Washington, D.C. 20548

           Accounting and Information
           Management Division

           B-281849

           March 30,1999


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


       Subject: Federallv Chartered Corooration: Review of the Financial Statement
                Audit ReDort for the Militarv Cha&ins Association of the United States
                of America for 1997


       Dear Mr. Chairman:

       As requested, we reviewed the audit report covering the financial statements of the Military
       Chaplains Association of the United States of America, a federally chartered corporation, for
       the year ended December 31,1997. The corporation was established to assist chaplains in the
       performance of the duties, promote the effectiveness of the Military Chaplaincy and
       encourage individuals to enter the chaplaincy.

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

       l      present the corporation’s assets and liabilities and reasonable detail on the corporation’s
              income and expenses in annual financial statements,

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

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

       The objective of OUTreview was to determine whether the audit report coinplied 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 presented in the financial statements, reviewed the
       auditor’s report, and made inquiries to cor$oration off%%ls or the auditor as we deemed
       necessary. We did not review the auditor’s working papers. Our review disclosed no
       reportable instances of noncompliance.




                                           /6/Q            79
                                        GAO/AIMD-99-133R Military Chaplains Association of the U.S.A.
B-281849



The audit report included the auditor’s opinion that the financial statements of the
corporation were fairly presented in conformity with generally accepted accounting
principles. We are returning the audit report you sent with your letter.

Sincerely yours,
                    .T



David L. Clark
Director, Audit Oversight and Liaison


w/o enclosure




(911921)




 Page 2                       GAO/AIMD-99-133R Military Chaplains Association of the U.S.A.
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