The Paper Trail - Introduction - Pre-Indictment Documents



January 21, 1999

Letter to Stan Myrda CPA from Harley J. Coon:
[KWE Note: Affidavit of compliance from KWVA to Stan Myrda]

Stan Myrda
Certified Public Accountant

Harley Coon, President, KWVA

In connection with your compilation of the statement of financial condition and the related statement of change in fund balance of the Korean War Veterans Association, Inc., ( a national organization) as of December 12, 1998 for the period then ended, I confirm, to the best of our knowledge and belief, the following representations made to you during your compilation.

1. We, the Board of Directors, Officers and Directors are responsible for the fair presentation in the statements of financial condition and changes in fund balance in conformity with generally accepted accounting principles. All assets are presented at their estimated current values and all liabilities are presented at their estimated current amounts, which have been determined in accordance with guidelines promulgated by the American Institute of Certified Public Accountants. Because of our limited expertise with generally accepted accounting principles, including financial statement disclosures, we have engaged you to advise us in fulfilling that responsibility.

2. We have made all financial records and related data available to you. We have not knowingly withheld from you any financial records or related data that in our judgment would be relevant to your compilation.

3. The following have been properly recorded or disclosed in the financial statements:
a. Related party transactions and related amounts receivable or payable, including quartermaster sales, purchases, loans, transfers, leasing arrangements if any and guarantees in any. I understand that related parties include members of related chapters and any other organization, such as the Scholarship Fund.
b. Arrangements with financial institutions involving compensating balances or other arrangements involving restrictions on cash balances and line-of-credit or similar arrangements.
c. Agreements to repurchase assets previously sold.

4. There are no violations or possible violations of laws or regulations that have come to our attention whose affects are regarded as significant enough to be considered for disclosure in the financial statements or as a basis for recording a loss contingency, and there are no other material liabilities or gain or loss contingencies that are required to be accrued or disclosed.

5. There are no material transactions or balances that have been properly recorded or disclosed in the financial statements. [sic]

6. The organization has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor have any assets been pledged.

7. There are no guarantees, whether written or oral, under which we are contingently liable that have not been properly disclosed in the financial statements.

8. We have not retained an attorney for matters that may involve current or prospective litigation, and we are not aware of any pending or threatened litigation, claims, or assessments that should be disclosed in the financial statements.

9. We have complied with all aspects of contractual agreements that would have a material affect on the financial statements in the event of noncompliance.

10. No evens have occurred subsequent to the date of the statements of financial condition that would require adjustment to, or disclosure in, the financial statements.

11. We have responded fully to all inquiries made to us by you during the engagement.

(signed) Harley J. Coon


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