This is the accessible text file for GAO report number GAO-06-924R 
entitled 'Federally Chartered Corporations: Financial Statement Audit 
Report for the Congressional Medal of Honor Society of the United 
States of America for Fiscal Years 2004 and 2003' which was released on 
July 7, 2006. 

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July 7, 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 Congressional Medal of Honor Society of the United 
States of America for Fiscal Years 2004 and 2003: 

Dear Mr. Chairman: 

As requested, we read 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 fiscal 
years ended December 31, 2004 and 2003. The society's purposes are 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 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 [Hyperlink, 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 Charles Payton, Assistant Director; David Elder; 
and Lien To. 

Sincerely yours, 

Signed by: 

Steven J. Sebastian: 

Director: 
Financial Management and Assurance: 

(196114): 

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