United States GAO General Accounting Office Washington, D.C. 20548 Accounting and Information Management Division B-281864 May 7,1999 The Honorable Henry J. Hyde Chairman, Committee on the Judiciary House of Representatives Subject: Federallv Chartered Corporation: Review of the Financial Statement Audit Reuort for the Women’s Armv Corns Veterans Association for Fiscal Year 1998 Dear Mr. Chairman As requested, we reviewed the audit report covering the financial statements of the Women’s Army Corps Veterans Association, a federally chartered corporation, for fiscal year June 30, 1998. The corporation promotes the general welfare of all veterans, especially women veterans, who have served or are serving in the United States Army, the Army Reserve, and the Army National Guard. The corporation provides services and support to patients in medical facilities of the Department of Veterans Affairs throughout the United States. 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 j5nancia.Istatements, l obtain an annual financial audit by an independent public accountant, and l submit the &t&or’s report and the corporation’s financial statements to the Congress. The objective of our review was to determine whether the audit report complied with the financiaI reporting requirements of the law. In carrying out our work, we reviewed the corporation’s financial statements and the accqmpanying notes, performed certain analytical procedures related to information presented in the financial statements, reviewed the auditor’s report, and made inquiries to corporation offkials 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-99-159R Women’s Army Corps Veterans Association B-281864 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 return@ the audit report you sent with your letter. David L. Clark - Director, Audit Oversight and Liaison w/o enclosure (911935) Page2 GAO/AIMD-99-159R Women’s Army Corps Veterans Association Ordering Information The first copy of each GAO report and testimony is free. Additional copies are $2 each. Orders should be sent to the following address, accompanied by a check or money order made out to the Superintendent of Documents, when necessary. VISA and Mastercard credit cards are accepted, also. Orders for 100 or more copies to be mailed to a single address are discounted 25 percent. Orders by mail: U.S. General Accounting Office P.O. Box 37050 Washington, DC 20013 or visit: Room 1100 700 4th St. NW (corner of 4th and G Sts. NW) U.S. General Accounting Office Washington, DC Orders may also be placed by calling (202) 512-6000 or by using fax number (202) 512-6061, or TDD (202) 512-2537. Each day, GAO issues a list of newly available reports and testimony. To receive facsimile copies of the daily list or any list from the past 30 days, please call (202) 512-6000 using a touchtone phone. A recorded menu will provide information on how to obtain these lists. For information on how to access GAO reports on the INTERNET, send an e-mall message with “info” in the body to: email@example.com or visit GAO’s World Wide Web Home Page at: United States General Accounting Office Washington, D.C. 20548-0001 Official Business Penalty for Private Use $300 Address Correction Requested
Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Women's Army Corps Veterans Association for Fiscal Year 1998
Published by the Government Accountability Office on 1999-05-07.
Below is a raw (and likely hideous) rendition of the original report. (PDF)