Audit of the Implementation of Corrective Actions

OFFICE OF AUDITSOFFICE OF INSPECTOR GENERALMay 25, 2000. 00-019 udit Report No AAUDIT OF THE IMPLEMENTATION OF CORRECTIVE ACTIONS Federal Deposit Insurance Corporation Office of Audits Washington, D.C. 20434 Office of Inspector General written off. to OICM, and when final action is to not pursue collection, the disallowed costs are reported asthe FDIC to not pursue collection. Management reports the status of collections on disallowed costsactions necessary to recover disallowed costs unless management believes it is in the best interests ofThe amount management agrees to disallow is reported as the disallowed cost. Management will takeamount agreed with and/or the amount that is disagreed with and the reasons for any disagreement. If any recommendation identifies specific monetary benefits, management will respond with theif it is to implement the recommended corrective action or an acceptable alternative corrective action. expected completion dates for their implementation. The OIG will concur with management's decisionsuch findings and recommendations, including actions concluded to be necessary together with thedecision is the evaluation by management of the findings and recommendations and its response tomanagement responds with a management decision on the report's recommendations. Management'sWhen the OIG issues an audit or evaluation report ...