US Inspectors to audit FSOC

Council of Inspector General for Financial Oversight
Meeting Minutes for March 28, 2016
Because there were no questions about the audit status Thorson called for a vote on the establishment of a working group to conduct a follow-on audit of the 2013 Audit of FSOC’s Designation of Financial Market Utilities. There being no objections CIGFO approved the working group proposal. Thorson told the members that the Treasury Office of Inspector General Audit staff will lead the effort.
In addition, Thorson asked, and the members agreed, to begin work on the previously approved working group proposal to audit FSOC’s response to its operational risk recommendations related to cybersecurity and infrastructure.
The full document is available at https://www.treasury.gov/about/organizational-structure/ig/Agency%20Documents/cigfominutesmarch2016.pdf

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