In 2005, we designated the management of inter agency contracting as high risk due in part to unclear lines of accountability between customer and assisting agencies and the potential for improper use, including out of- scope work and noncompliance with competition requirements. We identified the continuing need for additional management controls and guidance and clearer definitions of roles and responsibilities as keys to addressing these issues.
In 2005, we designated the management of inter agency contracting as high risk due in part to unclear lines of accountability between customer and ass...
Our responsibility is to express opinions on these financial statements and opinions on FDIC's internal control over financial reporting relevant to the DIF and the FRF based on our audits. U.S. generally accepted government auditing standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free from material misstatement, and whether effective internal control over financial reporting was maintained in all material respects as of December 31, 2012.
Our responsibility is to express opinions on these financial statements and opinions on FDIC's internal control over financial reporting relevant to t...
