United States General Accounting Office Washington, DC 20548 August 7, 2003 The Honorable F. James Sensenbrenner, Jr. Chairman, Committee on the Judiciary House of Representatives Subject: Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Gold Star Wives of America, Incorporated, for Fiscal Year 2002 Dear Mr. Chairman: As requested, we reviewed the audit report covering the financial statements of the Gold Star Wives of America, Incorporated, a federally chartered corporation, for the fiscal year ended May 31, 2002. The corporation’s purpose is to operate in the public interest for patriotic, charitable, literary, educational, scientific, or civic improvement purposes to honor the memory of those who have served the United States. Federally chartered corporations are required under 36 U.S.C. §10101 to • present the corporation’s assets and liabilities and reasonable detail on the corporation’s income and expenses in annual financial statements, and • obtain an annual financial audit by an independent public accountant. 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, and reviewed the auditors’ report. However, we did not review the auditors’ working papers, and we are not rendering an audit opinion. Our review disclosed no reportable instances of noncompliance with the financial reporting requirements of the law. GAO-03-1080R Gold Star Wives of America, Incorporated The audit report included the auditors’ opinion that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles. We are returning the audit report you sent with your letter. Sincerely yours, Jeanette M. Franzel Director Financial Management and Assurance w/o Enclosure (194266) Page 2 GAO-03-1080R Gold Star Wives of America, Incorporated
Federally Chartered Corporation: Review of the Financial Statement Audit Reports for the Gold Star Wives for America, Incorporated, for Fiscal Year 2002
Published by the Government Accountability Office on 2003-08-07.
Below is a raw (and likely hideous) rendition of the original report. (PDF)