Opportunities Exist to Enhance the CFPB's Policies, Procedures, and Monitoring Activities for Conferences

August 26, 2013

Memorandum

Attached is the Office of Inspector General's report on the subject evaluation. We conducted this evaluation to determine the Consumer Financial Protection Bureau's (CFPB's) management controls, including its policies, procedures, and practices, associated with the agency's sponsored and nonsponsored conferences. Additionally, we assessed whether the CFPB's conference expenses and practices followed applicable policies and procedures.

We provided you with a draft of our report for review and comment. In the Chief Operating Officer's response, he concurred with our recommendations and outlined actions that have been taken or will be implemented to address our recommendations. We have included his response as appendix C to our report.

We appreciate the cooperation that we received from the CFPB's Office of the Chief Financial Officer, Office of Procurement, Office of Human Capital, and Office of External Affairs. Additionally, we appreciate the cooperation of the Department of the Treasury Departmental Offices and the Department of the Treasury's Bureau of Public Debt. Please contact me if you would like to discuss this report or any related issues.

Attachment