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GGD-80-59 1 (1980-08-08)

handle is hein.gao/gaobabavu0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL.



Report To The Congress


OF THE UNITED STATES


Internal Auditing Can Be

Strengthened In The Federal

Reserve System



This report deals with the status of the Federal
Reserve Systems' internal auditing activities
and suggests ways to strengthen the use of in-
ternal auditing within the organization. On the
basis of its study, GAO has concluded that the
Federal Reserve System should:

    --Establish a permanent, independent in-
    ternal audit group at the Board of Gov-
    ernors.

    --Require that Federal Reserve Bank in-
    ternal audit groups review their Reserve
    Banks' banking supervision and regula-
    tion and economic research activities,
    particularly from the perspective of op-
    erational efficiency and effectiveness.


112966


/1/ $


    GGD-80-59
AUGUST 8, 1980

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