This is the accessible text file for GAO report number GAO-03-1075R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Congressional Medal of Honor Society of 
the United States of America of 2000-2002' which was released on August 
07, 2003.

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August 7, 2003:

The Honorable F. James Sensenbrenner, Jr.

Chairman, Committee on the Judiciary:

House of Representatives:

Subject: Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Congressional Medal of Honor Society of 
the United States of America for 2000-2002:

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial 
statements of the Congressional Medal of Honor Society of the United 
States of America, a federally chartered corporation, for the years 
ended December 31, 2002, 2001, and 2000. 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.

The objective of our review was to determine whether the audit reports 
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, and reviewed the auditors' reports. However, we did not 
review the auditors' 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 reports included the auditors' opinions that the financial 
statements of the corporation were presented fairly in accordance with 
U.S. generally accepted accounting principles. We are returning the 
audit reports you sent with your letter.

Sincerely yours,

Jeanette M. Franzel:

Director 

Financial Management and Assurance:

Signed by Jeanette M. Franzel:

w/o Enclosures:

(194261):