ABSTRACT

Securities and Exchange Commission: Systematically Assessing Staff Procedures and Enhancing Control Design Would Strengthen Internal Oversight, Report to Congressional Committees   [open pdf - 2MB]

From the GAO [Government Accountability Office] Highlights: "Section 961 of the Dodd-Frank Wall Street Reform and Consumer Protection Act directs SEC [Securities and Exchange Commission] to assess and report annually on internal supervisory controls and procedures applicable to staff performing examinations, investigations, and securities filing reviews. The act also contains a provision for GAO to report on SEC's internal supervisory control structure and staff procedures. GAO's last report was in 2016 (GAO-17-16). This report examines SEC's internal supervisory control framework and assessment of staff procedures, the design of selected controls, and the operation of selected controls. GAO analyzed SEC's internal supervisory control framework and related policies and guidance and evaluated the design and execution of a non-generalizable sample of controls selected because they addressed high-risk processes."

Report Number:
GAO-20-115
Publisher:
Date:
2019-12
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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