GAO Prods at CFPB’s Budget, Cites “Control Issues”

By  |  May 21, 2012
 | 

The U.S. Government Accountability Office made 10 recommendations for changes to the Consumer Financial Protection Bureau’s “internal controls and accounting procedures,” through an official report issued today.

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    “We do not consider these issues to represent material weaknesses or significant deficiencies in relation to CFPB’s financial statements,” the GAO said. “Nonetheless, we believe they warrant management’s attention and action.”

    The full report is available at the GAO’s website.


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