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AIMD-99-159R 1 (1999-05-07)

handle is hein.gao/gaobacmzi0001 and id is 1 raw text is: 

United States
General Accounting Office
Washington, D.C. 20548

Accounting and Information
Management Division

B-281864

May 7,1999

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


Subject: Federally Chartered Corporation: Review of the Financial Statement-Audit Report
        for the Women's Army Corps 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. 1102-1103 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 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 working papers. Our review disclosed no
reportable instances of noncompliance.


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

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