The Fed Is Audited

The Board of Governors in Washington, D.C., and all 12 regional Reserve Banks are subject to internal and external audits, including those by the U.S. Government Accountability Office, also known as the GAO.

Learn more by viewing "MythUnderstanding," a series of videos developed by the Richmond Fed to provide facts and address common misconceptions about the Federal Reserve. The goal of "MythUnderstanding" is to clarify our role and responsibilities in America's economy.

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