Farm Credit Administration’s Process for Merger Activities in the Farm Credit System

Submitting OIG:

Farm Credit Administration OIG

Short / Alternative Report Title:

FCA’s Process for Merger Activities in the Farm Credit System

Date Issued:

Thursday, September 28, 2023

Agency Reviewed / Investigated:

Farm Credit Administration

Submitting OIG-Specific Report Number:

I-23-02

Location(s):

Agency-Wide

Type of Report:

Inspection / Evaluation

Questioned Costs:

Funds for Better Use:

Number of Recommendations:

Report updated under NDAA 5274:

View Document:

Attachment	Size
FCAsProcessMergerActivities.pdf	1.03 MB

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation
1	Open	No
The Office of Inspector General recommends the Office of Regulatory Policy update policies, procedures, and the merger template to reflect current systems, processes, recordkeeping, and controls for merger reviews.
2	Open	No
The Office of Inspector General recommends the Office of Regulatory Policy design and implement controls over merger files to ensure information is fully documented in an organized system.
5	Open	No
The Office of Inspector General recommends the Office of Regulatory Policy evaluate use of the Correspondence Tracking System for merger information, determine appropriate access controls, and remove legacy data for files that are no longer needed.

Farm Credit Administration OIG

Farm Credit Administration

FCA established its OIG in 1989 as a result of the Inspector General Act of 1978, as amended, which established specific responsibilities and authorities for all federal inspectors general. FCA’s Inspector General is appointed by the FCA board without regard to political affiliation and solely on the basis of integrity and demonstrated ability in accounting, auditing, financial analysis, management analysis, investigations, law, or public administration.

While the FCA OIG is under the general supervision of the FCA Board, it operates with independent personnel and contracting and budget authority. FCA’s Inspector General reports both to the FCA Board and to Congress.

https://www.fca.gov/home/inspector.html

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Farm Credit Administration’s Process for Merger Activities in the Farm Credit System

Related Open Recommendations