Federally Chartered Corporation: Review of the Financial Statement Audit Report for the Fleet Reserve Association for Fiscal Years 2000 and 2001 and 3-Months Ended December 31, 2001

GAO reviewed the audit reports covering the financial statements of the Fleet Reserve Association for fiscal year 2000 and 2001 and the 3-months period ending December 31, 2001. GAO found no reportable instances of noncompliance. The audit reports include the auditors' opinions that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles.