Accounting and Information Management Division B-281843 c February 19,1999 The Honorable Henry J. Hyde Chairman, Committee on the Judiciary House of Representatives Subject: Federallv Chartered Corooration: Review of the Financial Statement Audit Reoort for the Dauahters of Union Veterans of the Civil War 1861- 1865 for Fiscal Year 1997 Dear Mr. Chairman: As requested, we reviewed the audit report covering the financial statements of the Daughters of Union Veterans of the Civil War 1861-1865,a federally chartered corporation, for the fiscal year ended August 34199i. The main purpose of the corporation is to perpetuate the memories of the fathers of the Daughters of Union Veterans of the Civil War 1861-1865. This purpose is accomplished primarily through the maintenance of a Civil War Museum and associated library and through scholarship programs at the national and state level. Federally chartered corporations are required under 36 U.S.C. 1102-l 103 to l present the corporation’s assets and liabilities and reasonable detail on the corporation’s income and expenses in annual financial statements, e obtain an annual financial audit by an independent public accountant, and l submit the auditor’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 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 GAOIPJMD-99-55R Daughters of Union Veterans of the Civil War 1861-1865 ES281843 auditor’sreport, and madeinquiries to corporation officials or the auditor as we deemed necessary.We did not review the auditor’s working papers. Our review disclosedno reportableinstancesof noncompliance. The audit report includedthe auditor’s opinion that with one exception,the fins&al statementsof the corporation were fairly presentedon a cash basis of accounting. The exceptionrelated to the property accounting records for the years prior to 1996. The records c were not adequate for the auditor to form an opinion regarding the amounts at which property and equipmentand accumulateddepreciationare recorded,or the amountof depreciationexpensefor the year. We are returning the audit report you sent with your letter. David L. Clark Director, Audit Oversightand Liaison Enclosure (911915) Page’2 GAO/AIMD-99-65RDaughtersof Union Veteransof the Civil War 1861-1866 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. ,. ,.1 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-mail message with “info” in the body to: firstname.lastname@example.org or visit GAO’s World Wide Web Home Page at: httpzJIwww.gao.gov United States GeneraI 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 Daughters of Union Veterans of the Civil War 1861-1865 for Fiscal Year 1997
Published by the Government Accountability Office on 1999-02-19.
Below is a raw (and likely hideous) rendition of the original report. (PDF)