Financial Audit: Federal Deposit Insurance Corporation Funds' 2008 and 2007 Financial Statements
Jan 2010 · DIANE Publishing
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57
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About this ebook
The auditor is required to annually audit the financial statements of the Deposit Insurance Fund (DIF) and FSLIC Resolution Fund (FRF), which are administered by the Fed. Deposit Insurance Corp. (FDIC). Created in 1933 to insure bank deposits and promote sound banking practices, FDIC plays an important role in maintaining public confidence in the nation's financial system. In the auditors opinion, FDIC fairly presented, in all material respects, the 2008 and 2007 financial statements for the two funds it administers -- DIF and FRF. Also, FDIC had effective internal control over financial reporting and compliance with laws and regulations. Charts and tables.
The auditor is required to annually audit the financial statements of the Deposit Insurance Fund (DIF) and FSLIC Resolution Fund (FRF), which are administered by the Fed. Deposit Insurance Corp. (FDIC). Created in 1933 to insure bank deposits and promote sound banking practices, FDIC plays an imp...
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