Report of the Audit of the Department of Veterans Affairs' Franchise Fund Consolidated Financial Statements

DEPARTMENT OF VETERANS AFFAIRS Office of Inspector General REPORT OF THE AUDIT OF THE DEPARTMENT OF VETERANS AFFAIRS’ FRANCHISE FUND CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEARS 2001 AND 2000 Report No. 01–02782–99 June 11, 2002 VA Office of Inspector General Washington, DC 20420 Department of Veterans Affairs Office of Inspector General Washington DC 20420 Memorandum to the Principal Deputy Assistant Secretary for Management (004) Report of Audit of the Department of Veterans Affairs’ Franchise Fund Consolidated Financial Statements for Fiscal Years 2001 and 2000 1. Attached is the Office of Inspector General’s (OIG) Report of Audit of the Department of Veterans Affairs’ (VA) Franchise Fund Consolidated Financial Statements (CFS) for Fiscal Years (FY) 2001 and 2000. The Franchise Fund is one of the components included in the VA’s CFS. The Franchise Fund management contracted with the independent public accounting firm Grant Thornton to perform the audit of VA's Franchise Fund FY 2001 CFS. The Franchise Fund management defined the requirements of the audit; and the OIG approved the audit plans, monitored the audit, and reviewed the draft reports. The independent auditors' report by Grant Thornton provides an unqualified opinion on VA's Franchise Fund FYs 2001 and 2000 CFS. We agree with the ...