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GAO-02-978R 1 (2002-07-26)

handle is hein.gao/gaobaamaq0001 and id is 1 raw text is: 


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      Accountability * Integrity * Reliability
United States General Accounting Office
Washington, DC 20548






         July 26, 2002

         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 Aviation Hall of Fame for 2000 and 1999

         Dear Mr. Chairman:

         As requested, we reviewed the audit report covering the financial statements of the
         Aviation Hall of Fame, a federally chartered corporation, for the years ended
         December 31, 2000 and 1999. The corporation's purpose is to honor citizens, aviation
         leaders, pilots, and others for outstanding contributions to the establishment,
         development, advancement, or improvement of aviation, and to perpetuate the
         memory of them and record their contributions.

         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,

            obtain an annual financial audit by an independent public accountant, and

            submit the auditors' 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, and reviewed the auditors' report. However, we did not review
         the auditors' working papers, and we are not rendering an audit opinion.


GAO-02-978R Aviation Hall of Fame

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