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 2012. 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 towards achieving legal compliance, attaining organizational goals, and meeting performance standards.