ABSTRACT

Financial Audit: Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial Statements   [open pdf - 3MB]

From the Document: "This report transmits the GAO [Government Accountability Office] auditor's report on the results of our audits of the fiscal years 2020 and 2019 financial statements of the Office of Financial Stability (Troubled Asset Relief Program), which is incorporated in the enclosed 'Office of Financial Stability (Troubled Asset Relief Program) Agency Financial Report for Fiscal Year 2020'. As discussed more fully in the auditor's report that begins on page 19 of the enclosed agency financial report, we found [1] the Office of Financial Stability's (OFS) financial statements for the Troubled Asset Relief Program (TARP) as of and for the fiscal years ended September 30, 2020, and 2019, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; [2] OFS maintained, in all material respects, effective internal control over financial reporting for TARP as of September 30, 2020; and [3] no reportable noncompliance for fiscal year 2020 with provisions of applicable laws, regulations, contracts, and grant agreements we tested."

Report Number:
GAO-21-173R
Publisher:
Date:
2020-11-10
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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