ABSTRACT

Financial Audit: Federal Deposit Insurance Corporation Funds' 2019 and 2018 Financial Statements   [open pdf - 5MB]

From the Document: "This report transmits the GAO auditor's report on the results of our audits of the 2019 and 2018 financial statements of the two funds that the Federal Deposit Insurance Corporation (FDIC) administers--the Deposit Insurance Fund (DIF) and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF). [...] [W]e found [1] the financial statements of the DIF and of the FRF as of and for the years ended December 31, 2019, and 2018, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; [2] FDIC maintained, in all material respects, effective internal control over financial reporting relevant to the DIF and to the FRF as of December 31, 2019; and [3] with respect to the DIF and to the FRF, no reportable instances of noncompliance for 2019 with provisions of applicable laws, regulations, contracts, and grant agreements we tested."

Report Number:
GAO-20-328R
Publisher:
Date:
2020-02-13
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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