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Office of Inspector General

Sept. 19, 2013

Office of Audits and Evaluations Overview

The Office of Audits and Evaluations conducts, coordinates, and supervises independent audits and evaluations of the SEC’s programs and operations to assess agency performance; to help detect and deter waste, fraud, abuse, and mismanagement; and to promote economy, efficiency, and effectiveness at the SEC’s headquarters and 11 regional offices. When needed, the Office hires contractors and subject matter experts to perform work on behalf of the Office of Inspector General (OIG). The Office performs in accordance with generally accepted government auditing standards issued by the Comptroller General of the United States. Evaluations follow the Council of the Inspectors General on Integrity and Efficiency's Quality Standards for Inspections and Evaluations.

Audits and evaluations provide essential accountability and transparency over government programs. The OIG issues independent audit and evaluation reports, which identify deficiencies found and make recommendations to correct those deficiencies or increase efficiencies in SEC operations. Typically, the Office of Audits and Evaluations assesses whether:

  • resources are safeguarded and appropriately managed;
  • governing laws, regulations, and policies are complied with;
  • funds are expended properly;
  • government programs are achieving their objectives and desired outcomes;
  • government services are provided effectively, efficiently, economically, ethically, and equitably; and
  • information provided by the Commission to the public and others is reliable. 

The Office of Audits and Evaluations also monitors the agency’s progress in taking corrective actions on recommendations in OIG audit and evaluation reports, and works with other OIG components to independently assess agency operations.

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