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Independent Performance Audit of CFPB Operations and Budget

To meet the requirements of the Dodd-Frank Act, the CFPB must order an independent performance audit for FY 2011, and complete the report by October 15, 2011. This report presents the results of such an audit commissioned by the CFPB. This is a performance audit, so it does not overlap with a Government Accountability Office financial audit. Across all review areas, the audit found that the CFPB has made significant progress toward achieving legal compliance, attaining organizational goals, and meeting performance standards.

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