This is the accessible text file for GAO report number GAO-04-182R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Reports for the Catholic War Veterans of the United 
States of America, Incorporated, for Fiscal Years 2000-2002' which was 
released on November 21, 2003.

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November 21, 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 Catholic War Veterans of the United States of America, 
Incorporated, for Fiscal Years 2000-2002:

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial 
statements of the Catholic War Veterans of the United States of 
America, Incorporated, a federally chartered corporation, for the 
fiscal years ended June 30, 2000, through June 30, 2002. The 
corporation's activities are primarily directed at stimulating the 
interest of the nation in the problems of veterans and their widows and 
orphans; promoting the country; and preserving, protecting, and 
defending the Constitution. The corporation sponsors a convention, 
publishes a newspaper, and provides scholarships in conformity with 
specific program objectives.

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. We also held limited 
discussions with the corporation's auditors regarding potential 
enhancements that could be made to the corporation's financial 
reporting. 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:

(194359):