Financial Audit: Office of Financial Stability (Troubled Asset Relief Program) Fiscal Year 2009 Financial Statements

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DIANE Publishing, 2010 - 154 pages
The Economic Stabilization Act of 2008 (EESA) authorized the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP) and established the Office of Financial Stability (OFS) within the Department of the Treasury to do so. EESA requires the annual preparation of financial statements for TARP, and further requires an audit of these statements. The audit of OFS¿s fiscal year 2009 financial statements for TARP determined whether, in all material respects: (1) the financial statements were fairly stated; and (2) OFS management maintained effective internal control over financial reporting. The auditor also tested OFS¿s compliance with selected provisions of laws and regulations. Charts and tables.

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