This is the accessible text file for GAO report number GAO-05-512R entitled 'Federally Chartered Corporation: Financial Statement Audit Report for the National Academy of Public Administration for Fiscal Year 2003' which was released on June 10, 2005. This text file was formatted by the U.S. Government Accountability Office (GAO) to be accessible to users with visual impairments, as part of a longer term project to improve GAO products' accessibility. Every attempt has been made to maintain the structural and data integrity of the original printed product. Accessibility features, such as text descriptions of tables, consecutively numbered footnotes placed at the end of the file, and the text of agency comment letters, are provided but may not exactly duplicate the presentation or format of the printed version. The portable document format (PDF) file is an exact electronic replica of the printed version. We welcome your feedback. Please E-mail your comments regarding the contents or accessibility features of this document to Webmaster@gao.gov. This is a work of the U.S. government and is not subject to copyright protection in the United States. It may be reproduced and distributed in its entirety without further permission from GAO. Because this work may contain copyrighted images or other material, permission from the copyright holder may be necessary if you wish to reproduce this material separately. June 10, 2005: The Honorable F. James Sensenbrenner, Jr. Chairman: Committee on the Judiciary: House of Representatives: Subject: Federally Chartered Corporation: Financial Statement Audit Report for the National Academy of Public Administration for Fiscal Year 2003: Dear Mr. Chairman: As requested, we read 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, 2003. 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 and: * obtain an annual financial audit by an independent public accountant. Our objective was to advise you of any matters in the report regarding compliance with the financial reporting requirements of the law. In carrying out our work, we read the corporation's financial statements and the accompanying notes, performed certain analytical procedures related to information presented in the financial statements, and read the auditor's report. We did not identify any instance of noncompliance with the above financial reporting requirements of the law. We did not perform an audit or review the auditor's working papers, and we are not rendering an audit opinion. The audit report included the auditor's opinion that the financial statements of the corporation were presented fairly in accordance with United States generally accepted accounting principles. We are returning the audit report you sent with your letter. This letter is intended solely for your use and the use of the Committee on the Judiciary. Sincerely yours, Signed by: Steven J. Sebastian: Director, Financial Management and Assurance: w/o Enclosures: (196052):