US Federal Reserve Board releases annual audited financial statements

US Federal Reserve Board has released annual audited financial statements. The financial statements of the Board of Governors, the Federal Reserve Banks, and a company linked with the Federal Reserve Bank of Boston are reviewed at multiple levels. This helps maintain transparency and trust.

Every year, an independent accounting firm audits the financial statements of the Federal Reserve Banks and the company. The Board ensures that the auditor remains fully independent. The auditor is not allowed to do any work that may create a conflict of interest, such as checking its own work or making decisions for the bank.

The audits are done according to rules set by the American Institute of Certified Public Accountants and the Public Company Accounting Oversight Board. The financial statements of the Board of Governors are also audited every year by an independent firm. This audit follows government auditing standards. The Office of Inspector General also checks the Board’s work. It conducts audits, reviews, and investigations to ensure everything is working properly.

Download Annual audited financial statements

0 Comments

*Enter your name

*Email not valid.

*2 characters minimum.

Do not change these fields following