Does the Federal Reserve ever get audited?

Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.

See the audit page on the Federal Reserve Board’s website for more information on all of the above audits as well as more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.

 

Related Information

Speech by Governor Powell on "Audit the Fed" and other proposals

Archive of Federal Reserve Financial Statements

Related Questions

Is the Federal Reserve accountable to anyone?

What does it mean that the Federal Reserve is "independent within the government"?

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Last Update: May 15, 2017