Author : Gary T. Engel
Publisher : DIANE Publishing
ISBN 13 : 1437926819
Total Pages : 154 pages
Book Rating : 4.11/5 ( download)
Book Synopsis Financial Audit by : Gary T. Engel
Download or read book Financial Audit written by Gary T. Engel and published by DIANE Publishing. This book was released on 2010-06 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.