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Financial Audit: Federal Housing Finance Agency's Fiscal Years 2013 and 2012 Financial Statements

GAO-14-171R Published: Dec 16, 2013. Publicly Released: Dec 16, 2013.
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Highlights

 

What GAO Found

Why GAO Did This Study

The Housing and Economic Recovery Act of 2008 established FHFA as an independent agency empowered with supervisory and regulatory oversight of the housing-related government-sponsored enterprises: Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks, and the Office of Finance. The act requires FHFA to annually prepare financial statements and requires GAO to audit the agency's financial statements. This report responds to these requirements. GAO conducted its audits in accordance with U.S. generally accepted government auditing standards.

For more information, contact J. Lawrence Malenich at (202) 512-3406 or malenichj@gao.gov.

 

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Financial managementFinancial statementsGovernment sponsored enterprisesHousingInternal controlsAuditing standardsReporting requirementsFederal lawFederal regulationsAudit reportsIndependent agenciesFinancial reporting