Financial Audit: Auditing Use of OMB's Credit Subsidy Model

AIMD-97-155R Published: Aug 29, 1997. Publicly Released: Aug 29, 1997.

Highlights

Pursuant to a legislative requirement, GAO provided audit procedures to assist federal credit agencies in using the Office of Management and Budget's (OMB) Credit Subsidy Model (CSM) to calculate credit subsidies for federal direct loan and loan guarantee programs.

Full Report

Full Report (12 pages)

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Topics

Auditing and Financial Management

Accounting proceduresAuditing proceduresComputer modelingCreditDirect loansFinancial statement auditsGovernment guaranteed loansInspectors generalSubsidiesCredit reforms