I've seen computers go through a fire and still survive. Hell, the server at work is a prime example.
Just make sure that it is completely dry before you attempt to do anything with it. Take the mobo out of case, as with PS and all other components. Set them on something to air dry. Go over the mobo with a paintbrush (brand new of course) to get rid of any deposits that may be on there. Just brush it like you were painting it.
Let it sit out of the case for a few days, rotating which side it's laying on (might want to set something up so it doesn't sit flat on any surface, maybe hang it in the air with some string through one of the mobo screw holes.
After that, use minimal to start. Just PS and CPU, see if it even starts up. Let it run for a few minutes, if it's all good and no sparks fly then you should be all set.
Take this with a grain of salt, no electronic device likes getting wet. Actuall results may vary. You turn that sucker on at your own risk!
Oh yeah, also, might want to open up the PS and let that dry out also.