Financial Audit:
Bureau of Consumer Financial Protection's Fiscal Years 2018 and 2017 Financial Statements
GAO-19-184R: Published: Nov 15, 2018. Publicly Released: Nov 15, 2018.
Additional Materials:
- Full Report:
- Accessible Version:
Contact:
(202) 512-3406
clarkce@gao.gov
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(202) 512-4800
youngc1@gao.gov
What GAO Found
GAO found (1) the Bureau of Consumer Financial Protection's, known as the BCFP, financial statements as of and for the fiscal years ended September 30, 2018, and 2017, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) BCFP maintained, in all material respects, effective internal control over financial reporting as of September 30, 2018; and (3) no reportable noncompliance for fiscal year 2018 with provisions of applicable laws, regulations, contracts, and grant agreements GAO tested.
In commenting on a draft of this report, BCFP stated that it was pleased to receive an unmodified audit opinion on its fiscal years 2018 and 2017 financial statements. In addition, BCFP stated that it will continue to work to enhance its system of internal control and ensure the reliability of BCFP's financial reporting.
Why GAO Did This Study
Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Full-Year Continuing Appropriations Act, 2011, both require BCFP to annually prepare financial statements and GAO to audit the agency's financial statements. This report responds to these requirements.
For more information, contact Cheryl E. Clark at (202) 512-3406 or clarkce@gao.gov.
Feb 14, 2019
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Financial Audit:
Federal Deposit Insurance Corporation Funds' 2018 and 2017 Financial StatementsGAO-19-295R: Published: Feb 14, 2019. Publicly Released: Feb 14, 2019.
Jan 31, 2019
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National Nuclear Security Administration:
Additional Actions Needed to Collect Common Financial DataGAO-19-101: Published: Jan 31, 2019. Publicly Released: Jan 31, 2019.
Jan 10, 2019
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Improper Payments:
Selected Agencies Need Improvements in Their Assessments to Better Determine and Document Risk SusceptibilityGAO-19-112: Published: Jan 10, 2019. Publicly Released: Jan 10, 2019.
Dec 7, 2018
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Improper Payments:
Additional Guidance Needed to Improve Oversight of Agencies with Noncompliant ProgramsGAO-19-14: Published: Dec 7, 2018. Publicly Released: Dec 7, 2018. -
Treasury Judgment Fund:
Transparency and Reliability Needed in Reporting Fund Balances and ActivitiesGAO-19-44: Published: Dec 7, 2018. Publicly Released: Dec 7, 2018.
Nov 15, 2018
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Financial Audit:
Federal Housing Finance Agency's Fiscal Years 2018 and 2017 Financial StatementsGAO-19-183R: Published: Nov 15, 2018. Publicly Released: Nov 15, 2018. -
Financial Audit:
Securities and Exchange Commission's Fiscal Years 2018 and 2017 Financial StatementsGAO-19-182R: Published: Nov 15, 2018. Publicly Released: Nov 15, 2018.
Nov 14, 2018
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Financial Management:
DOD's Report on Precommand Financial Management TrainingGAO-19-86R: Published: Nov 14, 2018. Publicly Released: Nov 14, 2018.
Nov 9, 2018
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Financial Audit:
IRS's Fiscal Years 2018 and 2017 Financial StatementsGAO-19-150: Published: Nov 9, 2018. Publicly Released: Nov 9, 2018. -
Financial Audit:
Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2018 and 2017 Financial StatementsGAO-19-152R: Published: Nov 9, 2018. Publicly Released: Nov 9, 2018.
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