Improved Internal Controls Over TARP Reporting Urged

13 Feb 2012

The U.S. Government Accountability Office says the Office of Financial Stability needs to further improve internal controls over its accounting and financial reporting for the Troubled Asset Relief Program.

The U.S. Government Accountability Office says the Office of Financial Stability needs to further improve internal controls over its accounting and financial reporting for the Troubled Asset Relief Program. In its report, the GAO identified “incorrect amounts and inconsistent disclosures” in the OFS’ draft financial statements.

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