This is the accessible text file for GAO report number GAO-06-506R 
entitled 'Federally Chartered Corporation: Financial Statement Audit 
Report for the American National Theatre and Academy for Fiscal Years 
2003 and 2002' which was released on March 14, 2006. 

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March 14, 2006: 

The Honorable F. James Sensenbrenner, Jr. 
Chairman: 
Committee on the Judiciary: 
House of Representatives: 

Subject: Federally Chartered Corporation: Financial Statement Audit 
Report for the American National Theatre and Academy for Fiscal Years 
2003 and 2002: 

Dear Mr. Chairman: 

As requested, we read the audit report covering the financial 
statements of the American National Theatre and Academy, a federally 
chartered corporation, for the fiscal years ended June 30, 2003 and 
2002. The corporation's purposes are the presentation of theatrical 
productions, the stimulation of public interest in drama by furthering 
the production of the best plays, and the sponsoring, encouraging, and 
developing of the art and technique of the theatre. 

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. 

Our objective was to advise you of any matters in the report regarding 
compliance with the financial reporting requirements of the law. In 
carrying out our work, we read the corporation's financial statements 
and the accompanying notes, performed certain analytical procedures 
related to information presented in the financial statements, and read 
the auditor's report. We did not identify any instance of noncompliance 
with the above financial reporting requirements of the law. 

We did not perform an audit or review the auditor's audit 
documentation, and we are not rendering an audit opinion. 

The audit report included the auditor's opinion that the financial 
statements of the corporation were presented fairly in accordance with 
U.S. generally accepted accounting principles. We are returning the 
audit report you sent with your letter. 

This letter is intended solely for your use and the use of the 
Committee on the Judiciary. This letter will be available at no charge 
on GAO's Web site at http://www.gao.gov. 

If you have any questions or would like to discuss this letter, please 
contact me at (202) 512-3406 or by e-mail at sebastians@gao.gov. 
Contact points for our Offices of Congressional Relations and Public 
Affairs may be found on the last page of this letter. Key contributors 
to this letter were David Elder, Franklin Ng, and Charles Payton. 

Sincerely yours, 

Signed by: 

Steven J. Sebastian: 
Director: 
Financial Management and Assurance: 

(196082):