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Independent Audit of Operations and Budget

Awarded

9531CB21Q0035Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The contract involves an independent performance audit of the Consumer Financial Protection Bureau’s (CFPB) 2020 budget, focusing on assessing the effectiveness and outcomes of selected CFPB programs, activities, and functions. The audit will utilize criteria established by the auditor under Generally Accepted Government Auditing Standards (GAGAS) to determine compliance with relevant laws and regulations, the achievement of organizational goals, and adherence to accepted performance measures and best practices. It aims to provide a thorough evaluation of how CFPB manages its programs and resources to ensure efficiency, effectiveness, and accountability. Additionally, the audit will include a budget review to analyze the budgeting process in terms of cost management and resource utilization, ensuring that program results are achieved economically. The findings and recommendations from this audit are intended to support CFPB in enhancing its operational performance, reducing costs, improving decision-making, and strengthening accountability to both the public and oversight bodies. The contract is issued by the Consumer Financial Protection Bureau, with the place of performance in Washington, DC, and contacts provided for further communication.

General Info

Independent audit of CFPB's 2020 budget assessing program effectiveness, compliance, and resource utilization.

Agency

Consumer Financial Protection Bureau → Consumer Finance Protection Bureau

NAICS

541211 - Offices of Certified Public Accountants

Place of Performance

Washington, DC, 20552, USA

Set-Aside

NONE

Documents

(1)

21Q0035+-+JOFOC+for+FO+Task+Order+%28signed%29.pdf

PDF

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Timeline

PhaseAwarded

PostedSep 27

Justification (J&A)

AwardedOct 2

Contract was awarded

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Organization & Contact Information

AgencyConsumer Financial Protection Bureau → Consumer Finance Protection Bureau

Contacts2 people available

OfficeWASHINGTON, DC, 20552, USA

Organization / AgencyConsumer Financial Protection Bureau → Consumer Finance Protection Bureau

Office AddressWASHINGTON, DC, 20552, USA

Contacts

Peggy J. Wright

Crystal McKay

Full Description

The objective of this performance audit is to review the 2020 CFPB budget and evaluate the effectiveness and results of certain CFPB programs, activities, and functions--using criteria the auditor will independently establish in accordance with Generally Accepted Government Auditing Standards (GAGAS) to assess whether CFPB is complying with pertinent laws and regulations, achieving its organizational goals and objectives, and meeting commonly accepted performance measures, best practices and benchmarks. The objective of the budget audit is to evaluate how the budget process addresses costs and use of resources to efficiently and economically achieve program results. The analysis and associated recommendations resulting from this audit, when implemented by CFPB, will help strengthen CFPB audited program operations, reduce costs, inform decision making, and improve CFPB's accountability to the public and those charged with CFPB governance and oversight.