Management Report: Improvements Needed in FDIC’s Internal Control over Contract Documentation and Payment-Review Processes

The purpose of this report is to present the internal control deficiencies identified during GAO’s audit testing of FDIC’s 2021 non-payroll operating expenses, GAO’s two new recommendations related to these new deficiencies, and the status of corrective actions FDIC took to address GAO’s prior-year recommendations. This report is intended for FDIC management’s use.