tailieunhanh - The United States Government Accountability Office GAO in November 2011 Report to Congressional Committees_part1

tài chính kiểm toán Văn phòng của năm tài chính của Bảo vệ người tiêu dùng tài chính 2011 Báo cáo tài chính Điểm nổi bật của GAO-12-186, một báo cáo ủy ban của Quốc hội Tại sao GAO này có học | United States Government Accountability Office GAO Report to Congressional Committees November 2011 FINANCIAL AUDIT Bureau of Consumer Financial Protection s Fiscal Year 2011 Financial Statements . Government Accountability Office This GAO is is trial ve 1 YEARS 1921-2011 ACCOUNTABILITY INTEGRITY RELIABILITY GAO-12-186 November 2011 1 G A o. Accountability Integrity Reliability Highlights Highlights of GAO-12-186 a report to congressional committees FINANCIAL AUDIT Bureau of Consumer Financial Protection s Fiscal Year 2011 Financial Statements Why GAO Did This Study Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act referred to as the Consumer Financial Protection Act of 2010 created the Bureau of Consumer Financial Protection CFPB . The act charged it with the responsibility of regulating the offering and provision of consumer financial products or services under the federal consumer financial laws. The act also requires CFPB to annually prepare financial statements and further requires GAO to audit these statements. The Full-Year Continuing Appropriations Act 2011 also requires that GAO audit CFPB s financial statements. Pursuant to the above-referenced requirements in these two acts GAO audited CFPB s fiscal year 2011 financial statements to determine whether 1 the financial statements were fairly presented and 2 CFPB management maintained effective internal control over financial reporting. GAO also tested CFPB s compliance with selected laws and regulations. What GAO Recommends GAO is not making any recommendations in this report. In commenting on a draft of this report CFPB stated that it was pleased with the results of the audit and that it would continue to work to enhance its internal controls and ensure the reliability of its financial reporting. What GAO Found In GAO s opinion CFPB s fiscal year 2011 financial statements are fairly presented in all material respects. GAO also concluded that CFPB had effective .