This is the accessible text file for GAO report number GAO-04-24R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the National Fallen Firefighters foundation 
for 2002 and 2001' which was released on October 10, 2003.

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October 10, 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 National Fallen Firefighters Foundation for 2002 and 
2001:

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial 
statements of the National Fallen Firefighters Foundation, a federally 
chartered corporation, for the years ended December 31, 2002 and 2001. 
The corporation's purposes are to encourage, accept, and administer 
private gifts of property for the benefit of the National Fallen 
Firefighters' Memorial and the associated annual memorial service; 
provide financial assistance to families of fallen firefighters for 
transportation and lodging during the annual memorial service; assist 
State and local efforts to recognize firefighters who die in the line 
of duty; and provide scholarships and other financial assistance for 
educational purposes and job training for the spouses and children of 
fallen firefighters.

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 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 letters.

Sincerely yours,

Jeanette M. Franzel:

Director 
Financial Management and Assurance:

Signed by Jeanette M. Franzel:

w/o Enclosures:

(194330):