The CFPB has released the independent audit conducted by KPMG of selected CFPB operations and budget in FY 2013.  An annual independent audit is required by the Dodd-Frank Act.  The items evaluated in the 2013 audit and results were as follows:

• KMPG evaluated how the CFPB’s intra-agency and inter-agency coordination process for its student loan initiatives measured up to leading practices for intra-agency and intra-agency collaborations.