This is the accessible text file for GAO report number GAO-02-757R
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the National Academy of Public 
Administration for Fiscal Year 2000' which was released on May 17, 2002. 

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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. 

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, 

Signed by: 

Jeanette M. Franzel: 
Acting Director: 
Financial Management and Assurance: 

w/o Enclosure: