This is the accessible text file for GAO report number GAO-07-663R 
entitled 'Federally Chartered Corporation: Financial Statement Audit 
Report for the American GI Forum of the United States for Fiscal Year 
2005' which was released on April5, 2007. 

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April 5, 2007: 

The Honorable F. James Sensenbrenner, Jr. 
House of Representatives: 

Subject: Federally Chartered Corporation: Financial Statement Audit 
Report for the American GI Forum of the United States for Fiscal Year 

Dear Mr. Sensenbrenner: 

As requested, we read the financial statements of the American GI Forum 
of the United States, a federally chartered corporation, for the fiscal 
year ended December 31, 2005. The corporation's purposes include 
upholding and defending the Constitution and the United States flag, 
and fostering and perpetuating the principles of American democracy. 

Federally chartered corporations are required under 36 U.S.C.  10101 

* present the corporation's assets and liabilities and reasonable 
detail on the corporation's income and expenses in annual financial 

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

* submit the auditor's report and the corporation's financial 
statements to the Congress. 

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, and performed certain analytical procedures 
related to information presented in the financial statements. We 
determined that the American GI Forum of the United States did not 
obtain an audit of its financial statements for fiscal year 2005 by an 
independent public accountant, and therefore did not comply with the 
above statutory requirement for such an audit. Instead, corporation 
officials informed us that they had the statements reviewed. Further, 
they informed us they plan to obtain a financial audit of the 
corporation's financial statements in the future. 

We did not perform an audit, and we are not rendering an audit opinion. 

This letter is intended solely for your use. This letter will be 
available at no charge on GAO's Web site at 

If you have any questions or would like to discuss this letter, please 
contact me at (202) 512-3406 or by e-mail at 
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 Joshua Marcus. 

Sincerely yours, 

Signed by: 

Steven J. Sebastian: 
Financial Management and Assurance: 


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