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Recommendation Details
Text of Recommendation
FHFA should revise DBR’s quality control procedures to specifically require that all examination workpapers supporting examination findings, conclusions, and ratings directly prepared by the Examiner in Charge be reviewed by an individual who did not participate in the examination.
Recommendation Number
AUD-2019-008-1
Recommendation Status
Open
Significant Recommendation
No
Additional Information
This recommendation was reopened based on the results of FHFA-OIG's August 2021 report, "Compliance Review of DBR's Quality Control for Examination Work Performed by Examiners-in-Charge" (COM-2021-007, Aug. 25, 2021).
Additional Details Link
Compliance Review of DBR's Quality Control for Examination Work Performed by Examiners-in-Charge
Associated Report Details
Submitting OIG
Federal Housing Finance Agency OIG
Linked Report
FHFA Conducted BSA/AML Program Examinations of 10 of 11 Federal Home Loan Banks During 2016-2018 in Accordance with its Guidelines, But Failed to Support a Conclusion in the Report of Examination for the Other Bank