OIG Cites Flawed Process in Fannie’s CAE Selection
March 13, 2015
In a March 11 report, the Office of Inspector General scrutinized Fannie Mae’s appointment of its chief audit executive. The report highlights “risks” associated with the October 2013 candidate selection. The CAE is responsible for directing Fannie’s internal audit department, a critical element of Fannie’s risk management controls, according to the report.