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CFPB Report: 2021-FMIC-C-013 October 27, 2021
We contracted with an independent auditors' firm to audit the Bureau's fiscal year 2021 compliance with the Digital Accountability and Transparency Act of 2014. We reviewed and monitored the work of the contractor to ensure compliance with the contract and applicable auditing standards.
The contractor determined that the Bureau reported complete, accurate, and timely data. The quality of the data was rated as excellent based on the Quality Scorecard designed to provide governmentwide consistency in the measurement of quality. The Bureau also implemented and used governmentwide financial data standards as established by the Office of Management and Budget and the U.S. Department of the Treasury, as applicable, and presented required elements in accordance with standards.