Federally Chartered Corporation: Review of the Financial Statement Audit Report for the American Gold Star Mothers, Incorporated, for Fiscal Year 1998

Published by the Government Accountability Office on 1999-02-19.

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

         United States
J   A0   General Accounting
                       D.C. 20548

         Accounting and Information
         Management   Division


         February 19,1999

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

         Subject:   Federallv Chartered Cornoration: Review of the Financial Statement
                    Audit Renort for the American Gold Star Mothers, Incoruorated, for
                    Fiscal Year 1998

         Dear Mr. Chairman:

         As requested, we reviewed the audit report covering the financial statements of the American
         Gold Star Mothers, Incorporated, a federally chartered corporation, for the fiscal year ended
         June 30,1998. The corporation was established in 1928 for the purpose of perpetuating the
         ideals of Americanism for which members’ relatives fought and died.

         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 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
         auditor’s report, and made inquiries to corporation officials or the auditor as we deemed
         necessary. We did not review the auditor’s worldng papers. Our review disclosed no
         reportable instances of noncompliance.

                                          GAOIAIMD-99-61R American Gold Star Mothers, Incorporated

The audit report included the auditor’s opinion that the financial statements of the
corporation were fairly presented on a cash basis of accounting. We are returning the audit
report you sent with your letter.

David L. Clark
Director, Audit Oversight and Liaison



 Page 2                         GAO/Al&ID-9%61R American Gold Star Mothers, Incorporated
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