OIG: Audits - What We Do

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class='icon-linkedin'></span></a></noscript> </li> </ul> </div> <a id="417" name="417"></a></div> </div> <div class="content container" id="main-content"> <div class="article"><a id="maincontent"></a> <h1>What We Do</h1> <p> The Office of Audits and Evaluations conducts reviews that examine the economy, efficiency, and effectiveness of the Board's and the CFPB's programs and operations; the agencies' compliance with applicable laws and regulations; the effectiveness of their internal controls; and the presentation and accuracy of the Board's and the Federal Financial Institutions Examination Council's financial statements. We conduct required reviews of failed state member banks under Board supervision as well as audits and evaluations of priority topics identified during our risk-based planning process.  </p> <p> We issue reports that explain why we conducted the review, the issues we found that should be corrected or improved, and specific recommendations for agency corrective action. </p> <p> The office has three functional oversight sections: Supervision and Regulation, Management and Operations, and Financial Management and Internal Controls. Information technology audits are conducted by our <a target="_self" href="http://oig.federalreserve.gov/infotech.htm" title="OIT Landing">Office of Information Technology</a>. </p> </div> </div>  <div class="right-column"> <h3 class="label">RELATED INFORMATION</h3> <p> <strong>Audits FAQs</strong> </p> <a href="/faq-about-oig.htm#audits">See common Audits questions and answers.</a> <p> <strong>Audit Reports</strong> </p> <a href="/reports/audit-reports.htm">View a sortable list of audits, evaluations, and other reviews. </a> </div>  </div> <span id="mobile-placeholder"></span> <div class="wrapper-footer">  <div class="footer container" id="body-footer"> <div class="container about-fed-cfpb"> <h3 class="label">LINKS TO THE BOARD AND THE CFPB</h3> <ul> <li class="fed-seal"><a href="//www.federalreserve.gov/" target="_blank" title="Board of Governors">Board of Governors</a></li> <li class="cfpb-logo"><a href="http://www.consumerfinance.gov/" target="_blank" title="Consumer Financial Protection Bureau">Consumer Financial Protection Bureau</a></li> </ul> </div><div class="container related-sites"> <h3 class="label">RELATED SITES AND RESOURCES</h3> <ul> <li><a href="http://www.gao.gov/" target="_blank">U.S. Government Accountability Office</a></li><li><a href="http://www.ignet.gov/" target="_blank">Council of the Inspectors General on Integrity and Efficiency</a></li><li><a href="http://www.treasury.gov/about/organizational-structure/ig/Pages/Council-of-Inspectors-General-on-Financial-Oversight.aspx" target="_blank">Council of Inspectors General on Financial Oversight</a></li><li><a href="https://oversight.gov/" target="_blank">Oversight.gov</a></li> </ul> <ul > <li><a href="/sitemap.htm">Sitemap</a></li><li><a href="//www.federalreserve.gov/accessibility.htm" target="_blank">Accessibility</a></li><li><a href="//www.federalreserve.gov/disclaimer.htm" target="_blank">Disclaimer</a></li><li><a href="//www.federalreserve.gov/privacy.htm" target="_blank">Privacy</a></li> </ul> <ul > <li><a href="//www.federalreserve.gov/foia/about_foia.htm" target="_blank">FOIA</a></li> <li><a href="//www.federalreserve.gov/eeo.htm" target="_blank">No Fear Act Data</a></li> <li><a href="http://www.usa.gov/" target="_blank"><img src="/gifjpg/usagov_logo_color_notag.gif" title="usa.gov logo: USA.gov is the U.S. government's official web portal to all federal, state, and local government web resources and services" alt="usa.gov logo: USA.gov is the U.S. government's official web portal to all federal, state, and local government web resources and services" style="width: 75px; height: 21px; margin-left: -11px;"/></a></li> </ul> </div> </div> </div> <script type="text/javascript" language="javascript" src="/resources/jquery.min.js"></script> <script src="https://code.jquery.com/ui/1.14.0/jquery-ui.js" integrity="sha256-u0L8aA6Ev3bY2HI4y0CAyr9H8FRWgX4hZ9+K7C2nzdc=" crossorigin="anonymous"></script> <script type="text/javascript"> $(document).ready(function () { $('.accordion-content').hide(); $('.accordion-header').click(function () { $('.accordion-content:visible').slideUp('slow'); $(this).next().slideDown('slow'); }); }); </script> <script type="text/javascript" language="javascript" src="/resources/oig_Custom.js"></script> <script type="text/javascript" language="javascript" src="/resources/_faq.js"></script> <script type="text/javascript" language="javascript" src="/resources/faq.js"></script>  <script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'8eadf51cba38823b',t:'MTczMzAwMjQyNC4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body> </html>

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OIG: Audits - What We Do