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)

      United States

GAO   General Accounting Office
      Washington, D.C. 20548

      Accounting and Information
      Management Division


      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

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


                             GAO/AIMD-99-159R Women’s Army Corps Veterans Association
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