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Fraud, Abuse, Or Retaliation
Where To Report Waste Fraud, Abuse, Or Retaliation

DBR Conducted Effective Oversight of FHLBanks’ Employee Expense Reimbursement Processes but Lacked Documented Examination Guidance

Submitting OIG: 
Federal Housing Finance Agency OIG
Date Issued: 
Thursday, September 28, 2023
Agency Reviewed / Investigated: 
Federal Housing Finance Agency
Submitting OIG-Specific Report Number: 
AUD-2023-009
Location(s): 
Agency-Wide
Type of Report: 
Audit
Questioned Costs: 
$0
Funds for Better Use: 
$0
Number of Recommendations: 
2
Report updated under NDAA 5274: 
No
View Document: 
AttachmentSize
PDF icon AUD-2023-009.pdf389.2 KB

Related Open Recommendations

Recommendation Number Recommendation Status Significant Recommendation Additional Details
AUD-2023-009-1 Open No
FHFA should develop and implement guidance documenting examination procedures for evaluating FHLBanks’ employee expense reimbursement processes. Guidance should include: (a) documenting examination analysis and results; and (b) following up on implementation of recommendations, including reviewing corrective actions.
AUD-2023-009-2 Open No
FHFA should obtain and review FHLBanks’ internal audit results on employee expense reimbursements for the years that DBR does not include these expenses in its examinations to ensure that DBR is aware of any findings related to wasteful or fraudulent spending.
Displaying 2 of 2 Recommendations