Federally Chartered Corporation: Review of the Financial Statement Audit Report for the National Academy of Public Administration for Fiscal Year 2000 (17-MAY-02, GAO-02-757R). GAO reviewed the financial statement audit reports for the National Academy of Public Administration for fiscal year 2000. GAO found no reportable instances of noncompliance. The audit report included the auditor's opinion that the financial statements of the corporation were presented fairly in accordance with generally accepted accounting principles. -------------------------Indexing Terms------------------------- REPORTNUM: GAO-02-757R ACCNO: A03387 TITLE: Federally Chartered Corporation: Review of the Financial Statement Audit Report for the National Academy of Public Administration for Fiscal Year 2000 DATE: 05/17/2002 SUBJECT: Accounting standards Audit reports Federal corporations Financial statement audits Reporting requirements ****************************************************************** ** This file contains an ASCII representation of the text of a ** ** GAO Product. ** ** ** ** No attempt has been made to display graphic images, although ** ** figure captions are reproduced. Tables are included, but ** ** may not resemble those in the printed version. ** ** ** ** Please see the PDF (Portable Document Format) file, when ** ** available, for a complete electronic file of the printed ** ** document's contents. ** ** ** ****************************************************************** GAO-02-757R GAO- 02- 757R National Academy of Public Administration United States General Accounting Office Washington, DC 20548 May 17, 2002 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 National Academy of Public Administration for Fiscal Year 2000 Dear Mr. Chairman: As requested, we reviewed the audit report covering the financial statements of the National Academy of Public Administration, a federally chartered corporation, for the fiscal year ended September 30, 2000. The corporation?s purpose is to provide independent advice and counsel on government organization, processes, and programs. 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, obtain an annual financial audit by an independent public accountant, and submit the auditors? report and the corporation?s financial statements to the Congress. 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. GAO- 02- 757R National Academy of Public Administration Page 2 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 Acting Director Financial Management and Assurance w/ o Enclosure (194100) *** End of document. ***