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Financial Audit: Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2013 and 2012 Financial Statements

GAO-14-172R Published: Dec 11, 2013. Publicly Released: Dec 11, 2013.
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Highlights

What GAO Found

Why GAO Did This Study

The Emergency Economic Stabilization Act of 2008 (EESA) that authorized the TARP on October 3, 2008, requires that TARP, which is implemented by OFS, annually prepare and submit to Congress and the public audited fiscal year financial statements that are prepared in accordance with U.S. generally accepted accounting principles. EESA further requires that GAO audit TARP's financial statements annually.

For more information, contact Gary T Engel at (202) 512-3406 or engelg@gao.gov.

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Accounting standardsEconomic stabilizationFinancial managementFinancial statementsHousingHousing programsInternal controlsInvestmentsReporting requirementsSalesForeclosures