This is the accessible text file for GAO report number GAO-04-67R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the National Conference of State Societies, 
Washington, District of Columbia, for Fiscal Years 2001 and 2000' 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 Conference of State Societies, Washington, 
District of Columbia, for Fiscal Years 2001 and 2000:

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial 
statements of the National Conference of State Societies, Washington, 
District of Columbia, a federally chartered corporation, for the fiscal 
years ended May 31, 2001 and 2000. The corporation's purpose is to 
promote friendly and cooperative relations between the various state 
and territorial societies in the District of Columbia, and to foster, 
participate in, and encourage educational, cultural, charitable, civic, 
and patriotic programs and activities in the District of Columbia.

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 on the cash basis 
of accounting. The notes to the financial statements indicate that the 
corporation would have shown an operating deficit at May 31, 2001 and 
2000 under the accrual basis of accounting. 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:

(194328):