In 2024, we received a referral that the CFPB could not account for 74 newly purchased laptops, which it believed were lost or stolen due to potential control weaknesses during receiving and inventorying. Our audit activities revealed that the CFPB established and followed internal controls that addressed many of those weaknesses. However, the agency still maintains a large inventory of aging, unassigned IT assets and has not established processes to effectively manage the storage or reduction of its inventory

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