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Board Report: 2021-FMIC-B-003 February 25, 2021
The Board performs the accounting function for the Federal Financial Institutions Examination Council, and we contracted with an independent public accounting firm to audit the FFIEC's financial statements as of and for the years ended December 31, 2020 and 2019, and to report on internal control over financial reporting and compliance and other matters. We reviewed and monitored the work of the firm to ensure compliance with applicable auditing standards and the contract.
In the firm's opinion, the financial statements present fairly, in all material respects, the financial position of the Federal Financial Institutions Examination Council as of December 31, 2020 and 2019.