Federal Reserve Audit

A Federal Reserve audit involves examining the financial practices and operations of the Federal Reserve System, the central bank of the United States. This process ensures transparency and accountability in how the Fed manages monetary policy, oversees banks, and handles government transactions. Audits assess the effectiveness and integrity of its financial reporting and operations, helping to build public trust. Although the Fed undergoes regular internal audits and external reviews, calls for increased scrutiny have prompted discussions about the extent and nature of these audits, particularly regarding its emergency lending and financial decisions during economic crises.