OIG, Office of Inspector General, photo of Federal Reserve atrium

Program Areas
Program Areas

Audits and Attestations
Vacant, Assistant Inspector General for Audits and Attestations
The Office of Inspector General’s (OIG) Audit and Attestation activities are designed to evaluate or examine certain aspects of the economy, efficiency, and overall effectiveness of the Board’s programs and operations; the presentation and accuracy of the Board’s financial statements, budget data, and financial performance reports; the effectiveness of internal controls governing the Board’s contracts and procurement activities; the adequacy of controls and security measures governing the Board’s financial and management information systems; the safeguarding of the Board’s assets and sensitive information; and the degree of compliance with applicable laws and regulations related to the Board’s financial, administrative, and program operations.

Inspections and Evaluations
Anthony J. Castaldo, Assistant Inspector General for Inspections and Evaluations

The Inspections and Evaluations program area encompasses OIG inspections, program evaluations, enterprise risk management activities, process design and life cycle evaluations, and legislatively-mandated material loss reviews of failed financial institutions that the Board supervises.  Inspections are generally narrowly focused on a particular issue or topic and provide time critical analysis that cuts across functions and organizations.  In contrast, evaluations are generally focused on a specific program or function and make heavy uses of statistical and quantitative analytical techniques.  Evaluations can also encompass other non-audit, preventive activities, such as system development life cycle projects and participation on task forces and workgroups.

Investigations
Harvey Witherspoon, Assistant Inspector General for Investigations

The Investigations program conducts criminal and administrative investigations in support of the Board’s programs and operations.  To effectively carry out their mission, OIG special agents possess a thorough knowledge of current federal criminal statutes and the rules of criminal procedure, as well as other rules, regulations, and court decisions governing the conduct of criminal, civil, and administrative investigations.  Additionally, OIG special agents obtain authority to exercise specific law enforcement powers through a blanket deputation agreement with the Department of Justice (U.S. Marshals Service).

Legal Services
Laurence A. Froehlich, Assistant Inspector General for Legal Services
The Legal Services program provides comprehensive legal advice, research, counseling, critical analysis, and representation in support of the OIG projects and activities. This work often provides the legal basis for conclusions, findings, and recommendations in OIG reports.  In addition, Legal Services conducts the OIG’s legislation and regulatory review function, as mandated by the IG Act, and keeps the Inspector General and OIG staff aware of recent developments in the law that may affect the activities of the OIG and the Board.

Communications and Quality Assurance
Vacant, Assistant Inspector General for Communications and Quality Assurance

The mission of the Communications and Quality Assurance (CQA) program is to foster, expand, and enhance the OIG’s strategic planning processes, communications protocols, products, and reports.  The CQA program is also responsible for maintaining and enhancing the quality and internal control framework for audits and attestations, inspections and evaluations, and investigations, and also to manage the OIG’s internal administration and information technology infrastructure.