This is the accessible text file for GAO report number GAO-03-855R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for The American National Theater and Academy 
for Fiscal Years 2001 and 2000' which was released on June 05, 2003.

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June 5, 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:

Report for The American National Theater and Academy for Fiscal Years 
2001 and 2000:

Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial 
statements of The American National Theater and Academy, a federally 
chartered corporation, for the fiscal years ended June 30, 2001 and 
2000. The corporation's purpose is to advance interest in drama 
throughout the United States.

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 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, and reviewed the auditors' report. 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 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,

Jeanette M. Franzel:

Director
Financial Management and Assurance:

Signed by Jeanette M. Franzel:


Enclosure:

(194224):