This is the accessible text file for GAO report number GAO-02-1115R
entitled 'Federally Chartered Corporation: Review of the Financial Statement Audit Report for the National Ski Patrol System, Incorporated, for Fiscal Years 2001 and 2000' which was released on September 20, 2002. 

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United States General Accounting Office: 
Washington, DC 20548: 

September 20, 2002: 

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

Subject: Federally Chartered Corporation: Review of the Financial Statement Audit Report for the National Ski Patrol System, Incorporated, for Fiscal Years 2001 and 2000: 

Dear Mr. Chairman: 

As requested, we reviewed the audit report covering the financial statements of the National Ski Patrol System, Incorporated, a federally chartered corporation, for the fiscal years ended June 30, 2001 and 2000. The corporation promotes public safety in skiing. 

Federally chartered corporations are required under 36 U.S.C. ß10101 
to: 

* present the corporationís assets and liabilities and reasonable 
detail on the corporationís income and expenses in annual financial 
statements; 

* obtain an annual financial audit by an independent public accountant, 
and; 

* submit the auditorsí report and the corporationís 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 corporationís financial 
statements and the accompanying notes, performed certain analytical 
procedures related to information presented in the financial 
statements, and reviewed the auditorsí report. However, we did not 
review the auditorsí working papers, and we are not rendering an audit 
opinion. Our review disclosed no reportable instances of noncompliance 
with the financial reporting requirements of the law. 

The audit report included the auditorsí 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. 

Sincerely yours, 

Signed by: 
 
Jeanette M. Franzel: 
Director: 
Financial Management and Assurance: 

w/o Enclosure: