Independent Audit of Operations and Budget

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.