This is the accessible text file for GAO report number GAO-02-455R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for The American Society of International Law 
for 2000' which was released on February 28, 2002. 

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United States General Accounting Office: 
Washington, DC 20548: 

February 28, 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 American Society of International Law 
for 2000: 

Dear Mr. Chairman: 

As requested, we reviewed the audit report covering the financial 
statements of The American Society of International Law, a federally 
chartered corporation, for the year ended December 31, 2000. The 
corporation’s purpose is to foster the study of international law and 
promote the establishment and maintenance of international relations 
on the basis of law and justice. 

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 auditors’ 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 auditors’ report, and made inquiries to 
corporation officials or the auditors as we deemed necessary. We did 
not review the auditors’ working papers. Our review disclosed no 
reportable instances of noncompliance. 

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

Sincerely yours, 

Signed by: 

Jeanette M. Franzel: 
Acting Director: 
Financial Management and Assurance: 

w/o Enclosure: