Federal Deposit Insurance Corporation
Office of Inspector General
Federal Deposit Insurance Corporation - Office of Inspector General

Audits and Evaluations

Our audits and evaluations examine programs and operations at the FDIC, assess their effectiveness, and identify ways to improve the agency. To gain a thorough understanding of the programs, we examine and scrutinize relevant policies, procedures, processes, and practices; interview FDIC officials and personnel; and analyze data. Based upon this review, we make recommendations to improve the efficiency of the FDIC.

The Office of Program Audits and Evaluations conducts program evaluations and performance audits to assess the effectiveness and efficiency of FDIC programs and operations. The group also conducts reviews of failed banks and other systemic issues, and compliance audits.

The Office of IT Audits and Cyber conducts audits of IT risks and challenges – both internal to the FDIC’s own systems, and external to insured banks and the financial sector. This group also works to develop and leverage the OIG's data analytics capabilities to identify the highest risk areas at the FDIC.

What Standards Guide Us?

The Yellow Book

The Generally Accepted Government Auditing Standards, also known as the Yellow Book, provide a framework for conducting high quality audits with competence, integrity, objectivity, and independence. The Yellow Book is for use by auditors of government entities, entities that receive government awards, and other audit organizations performing Yellow Book audits.

Yellow Book

The Quality Standards for Inspection and Evaluation, issued by the Council of the Inspectors General on Integrity and Efficiency provide a solid framework for inspection and evaluation work by federal OIGs.  The standards have been instrumental in building a strong reputation for the impartiality, reliability, and credibility of the inspection and evaluation function throughout the government.

View the Current Quality Standards for Inspection and Evaluation –  

Quality Standards

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