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AIMD-00-168R 1 (2000-05-05)

handle is hein.gao/gaobadwcs0001 and id is 1 raw text is: 



       G
 ~GAO

         c untbilty * Integrity * Reliability
United States General Accounting Office                               Accounting and Information
Washington, DC 20548                                                        Management Division





          B-284861


          May 5, 2000

          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 Congressional Medal of Honor Society for 1998

          Dear Mr. Chairman:
          I

          As requested, we reviewed the audit report covering the financial statements of the
          Congressional Medal of Honor Society of the United States of America, a federally chartered
          corporation, for the year ended December 31, 1998. The society was chartered to preserve
          the dignity and honor of the Medal, protect its recipients from exploitation, foster patriotism,
          and inspire youth to worthy citizenship.

          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
          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-00-168R Congressional Medal of Honor Society

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