United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-07-11 monographic deposited born digital 11 p. GA 1.13:GAO-08-863R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-863R P0b002ee18038c663 f:d08863r DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-08-863R machine generated eng fdlp REPORT GAOREPORTS-GAO-08-863R GAO-08-863R Accounting Accounting procedures Banking regulation Federal regulations Financial institutions Financial management Financial records Financial statement audits Financial statements Internal audits Internal controls Policy evaluation Standards Standards evaluation Policies and procedures Deposit Insurance Fund FSLIC Resolution Fund Correspondence A82812 In February 2008, we issued our opinions on the calendar year 2007 financial statements of the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund (FRF). We also issued our opinion on the effectiveness of the Federal Deposit Insurance Corporation's (FDIC) internal control over financial reporting (including safeguarding assets) and compliance as of December 31, 2007, and our evaluation of FDIC's compliance with provisions of selected laws and regulations for the two funds for the year ended December 31, 2007. The purpose of this report is to present issues identified during our audits of the 2007 financial statements regarding certain internal controls and accounting procedures and to recommend actions to address these issues. Although these issues were not material in relation to the financial statements, we believe that they warrant management's attention. We are making five recommendations for strengthening FDIC's internal controls and accounting procedures. We conducted our audits in accordance with U.S. generally accepted government auditing standards. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-863R/html/GAOREPORTS-GAO-08-863R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-863R/pdf/GAOREPORTS-GAO-08-863R.pdf GAO-08-863R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-863R Correspondence GAO-08-863R; Management Report: Opportunities for Improvements in FDIC's Internal Controls and Accounting Procedures; Accounting Accounting procedures Banking regulation Federal regulations Financial institutions Financial management Financial records Financial statement audits Financial statements Internal audits Internal controls Policy evaluation Standards Standards evaluation Policies and procedures Deposit Insurance Fund FSLIC Resolution Fund