tailieunhanh - The United States Government Accountability Office GAO November 2011_part1

Điểm nổi bật của GAO-12-169, một báo cáo ủy ban của Quốc hội Tại sao GAO này có học Ngày 03 Tháng 10 năm 2008, Đạo luật ổn định kinh tế khẩn cấp năm 2008 (EESA) đã được ký kết thành luật. | United States Government Accountability Office GAO Report to Congressional Committees November 2011 FINANCIAL AUDIT Office of Financial Stability Troubled Asset Relief Program Fiscal Years 2011 and 2010 Financial Statements . Government Accountability Office This GAO is is trial ve 1 YEARS 1921-2011 ACCOUNTABILITY INTEGRITY RELIABILITY GAO-12-169 November 2011 1 G A o. Accountability Integrity Reliability Highlights Highlights of GAO-12-169 a report to congressional committees FINANCIAL AUDIT Office of Financial Stability Troubled Asset Relief Program Fiscal Years 2011 and 2010 Financial Statements Why GAO Did This Study On October 3 2008 the Emergency Economic Stabilization Act of 2008 EESA was signed into law. EESA authorized the Secretary of the Treasury to implement the Troubled Asset Relief Program TARP and established the Office of Financial Stability OFS within the Department of the Treasury Treasury to do so. EESA requires the annual preparation of financial statements for TARP and further requires GAO to audit these statements. GAO audited OFS s fiscal years 2011 and 2010 financial statements for TARP to determine whether in all material respects 1 the financial statements were fairly presented and 2 OFS management maintained effective internal control over financial reporting. GAO also tested OFS s compliance with selected provisions of laws and regulations. What GAO Recommends GAO is not making recommendations in this report but will be reporting separately on the control issues identified during its audit. In commenting on a draft of this report OFS concurred with GAO s audit finding concerning a significant deficiency in its accounting and financial reporting processes and expressed its commitment to correcting the deficiency. What GAO Found In GAO s opinion OFS s fiscal years 2011 and 2010 financial statements for TARP are fairly presented in all material respects. GAO also concluded that although internal controls could be .