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AIMD-00-109R 1 (2000-03-03)

handle is hein.gao/gaobacnpk0001 and id is 1 raw text is: 



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








          B-284315


          March 3, 2000


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


Accounting and Information
      Management Division


Subject: Federally Chartered Corporation: Review of the Financial Statement Audit
          Report for the Army and NaM Union of the United States of America, Incorporated
          for Fiscal Years 1997 and 1998


Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial statements of the Army and
Navy Union of the United States of America, Incorporated, a federally chartered corporation,
for the fiscal years ended June 30, 1997 and 1998. The purpose of the corporation is to unite
those who have served and those who are now serving in the Armed Forces of the United
States of America; protect and advance their civic, social, and economic welfare; aid them in
sickness and distress; assist in their burial and commemoration; and provide help for widows
and orphans.

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 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


GAO/AIMD-00-109R Army and Navy Union of the U.S.A., Inc.

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