This is the accessible text file for GAO report number GAO-03-859R 
entitled 'Federally Chartered Corporation: Rview of the Financial 
Statement Audit Report for the Civil Air Patrol for Fiscal Year 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 Civil Air Patrol for Fiscal Year 2000:

Dear Mr. Chairman:

As requested, we reviewed the audit report covering the financial 
statements of the Civil Air Patrol, a federally chartered corporation, 
for the fiscal year ended September 30, 2000. The purpose of the 
corporation is to encourage and foster civil aviation in local 
communities and to provide adequate facilities to assist in meeting 
local and national emergencies.

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.

The audit report for fiscal year 2000 included the auditors' opinion 
that with one exception, the financial statements of the corporation 
were presented fairly in accordance with U.S. generally accepted 
accounting principles. The exception related to six wings and a region 
as well as units below wing level not being audited and not being 
included in these financial statements. The exception is discussed in 
detail in the notes to the financial statements and in the auditors' 
report.

We are returning the audit report you sent with your letter.

Sincerely yours,

Jeanette M. Franzel:

Director
Financial Management and Assurance:


Enclosure:

(194228):