DBR Conducted Effective Oversight of the FHLBanks’ Management of Third-Party Provider Risks But Did Not Fully Document Sampling in Examination Workpapers

Submitting OIG:

Federal Housing Finance Agency OIG

Date Issued:

Thursday, March 28, 2024

Agency Reviewed / Investigated:

Federal Housing Finance Agency

Submitting OIG-Specific Report Number:

AUD-2024-004

Location(s):

Agency-Wide

Type of Report:

Audit

Questioned Costs:

Funds for Better Use:

Number of Recommendations:

Report updated under NDAA 5274:

View Document:

Attachment	Size
AUD-2024-004.pdf	1.39 MB

Related Open Recommendations

Recommendation Number	Recommendation Status	Significant Recommendation	Additional Details
AUD-2024-004-1	Open	No
FHFA's Deputy Director, Division of Federal Home Loan Bank Regulation, should re-enforce EPB 2014-01 requirements to the examination staff through reminders, training, or other forms of communication that conveys requirements for documenting sampling approaches, supervisory review of these approaches, and testing results.

Federal Housing Finance Agency OIG

Federal Housing Finance Agency

FHFA-OIG promotes economy, efficiency, and effectiveness and protects FHFA and the entities it regulates against fraud, waste, and abuse, contributing to the liquidity and stability of the nation’s housing finance system. We accomplish this mission by providing independent, relevant, timely, and transparent oversight of the Agency in order to promote accountability, integrity, economy, and efficiency; advising the Director of the Agency and Congress; informing the public; and engaging in robust enforcement efforts to protect the interests of the American taxpayers.

https://fhfaoig.gov/

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DBR Conducted Effective Oversight of the FHLBanks’ Management of Third-Party Provider Risks But Did Not Fully Document Sampling in Examination Workpapers

Related Open Recommendations