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Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency
Troubled Asset Relief Program: Additional Actions

Our Price: $25.00
By Richard J. Hillman (au); Thomas J. McCool (au); Orice M. Williams (au)
Year: 2008
Pages: 72
Binding Paperback

Product Code: 143791229X

On Oct. 3, 2008, the Emergency Economic Stabilization Act was signed into law. It established the Office of Financial Stability (OFS) and authorized the Troubled Asset Relief Program (TARP). Every 60 days, the U.S. Comptroller Gen. is required to report on a variety of areas associated with oversight of TARP. This report reviews: (1) the activities that have been undertaken through TARP as of Nov. 25, 2008; (2) the structure of OFS, its use of contractors, and its system of internal controls; and (3) preliminary indicators of TARP's performance. The auditor plans to continue to monitor these and other issues including future and ongoing capital purchases,and other transactions undertaken as part of TARP (e.g., capital purchases in Citigroup and AIG). Illus.

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