The Office of the Comptroller of the Currency's Internal Auditing Needs Strengthening

GGD-80-8: Published: Nov 9, 1979. Publicly Released: Nov 9, 1979.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

The Office of the Comptroller of the Currency's (OCC) internal audit function was evaluated. The overall objective of internal auditing is to assist management in discharging its responsibilities by furnishing information, analysis, appraisals, and recommendations pertinent to the organization's execution of management policies and procedures.

The OCC Internal Audit Division has suffered from a lack of staff resources and limited coordination with other review efforts. With a small staff and in the absence of clear, current and written operating policies, informal operating practices have evolved. This, in turn, has resulted in an audit process needing more effective program planning, more consistent audit implementation, clearer reporting, and better followup on recommendations. A plan was recently approved which would reorganize and strengthen OCC internal audit activities; the plan needs to be strengthened further by clarifying Internal Audit's role and relationship with other review groups.

Nov 16, 2020

Nov 10, 2020

Nov 9, 2020

Nov 6, 2020

Oct 13, 2020

Sep 30, 2020

Sep 9, 2020

Looking for more? Browse all our products here