Inactive

The objective of this performance audit is to review the 2020 CFPB budget and evaluate the effectiveness and results of certain CFPB programs, activities, and functions--using criteria the auditor wil... The objective of this performance audit is to review the 2020 CFPB budget and evaluate the effectiveness and results of certain CFPB programs, activities, and functions--using criteria the auditor will independently establish in accordance with Generally Accepted Government Auditing Standards (GAGAS) to assess whether CFPB is complying with pertinent laws and regulations, achieving its organizational goals and objectives, and meeting commonly accepted performance measures, best practices and benchmarks. The objective of the budget audit is to evaluate how the budget process addresses costs and use of resources to efficiently and economically achieve program results. The analysis and associated recommendations resulting from this audit, when implemented by CFPB, will help strengthen CFPB audited program operations, reduce costs, inform decision making, and improve CFPB’s accountability to the public and those charged with CFPB governance and oversight.