As of Jan. 1, banks with less than $1 billion in consolidated assets will no longer be required to provide federal regulators with annual reports of independent audit findings, according to a final rule announced […]
The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave […]
An independent audit of the federal credit union regulatory agency’s schedule of investments and other taxes and receipts as of Sept. 30, 2023, presents information fairly under generally accepted accounting principles (GAAP), according to a […]
A recent cybersecurity audit for the federal credit union regulatory agency concludes that the agency needs to enhance its account recertification process for privileged users and to strengthen its Security Information and Event Management (SIEM) […]
The federal credit union regulator’s schedule of other assets and contributed capital as of Sept. 30, 2021, presents information fairly and in conformity with U.S. generally accepted accounting principles (GAAP), the agency’s Office of Inspector […]
An inspector general audit of the financial and award data provided to Treasury by the federal credit union regulator earned the agency an “excellent” rating for award-level data in the fourth quarter of 2020, up […]
The financial statements of the Consumer Financial Protection Bureau (CFPB) for fiscal years ending 2021 and 2020 were given an unmodified (or “clean”) audit opinion by the Government Accountability Office (GAO), according to a report […]
The Federal Deposit Insurance Corp. (FDIC) received clean audit opinions on the 2019 and 2020 financial statements for the two funds it manages but fell short on internal controls related to contract payment review processes, […]
An audit of the federal credit union regulator’s schedule of “other assets and contributed capital” – including the National Credit Union Share Insurance Fund (NCUSIF), the NCUSIF asset management estates and the agency’s operating fund – […]
Financial and award data published by the federal insurer of bank deposits is “complete, timely, of sufficient quality, and accurate,” according to an audit performed, and published Friday, by the agency’s inspector general. “We determined […]
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