Office of 

Inspector General 

Semiannual Report to the Congress 

April 1 through 

September 30, 2013 

Number 49 

October 24, 2013 

FARM CREDIT ADMINISTRATION 
 

 

Farm Credit Administration	 Office of Inspector General 

1501 Farm Credit Drive 

McLean, Virginia 22102-5090 

October 24, 2013 

The Honorable Jill Long Thompson, Board Chair and Chief Executive Officer 

The Honorable Kenneth A. Spearman, Board Member 

The Honorable Leland A. Strom, Board Member 

Farm Credit Administration 

1501 Farm Credit Drive 

McLean, Virginia 22102-5090 

Dear Board Chair Long Thompson and FCA Board Members Spearman and Strom: 

Enclosed is the semiannual report on the activities of the Farm Credit Administration’s (FCA or 

Agency) Office of Inspector General (OIG) for the period April 1 through September 30, 2013. This 

is the forty-ninth report since the establishment of the OIG on January 22, 1989. 

I submit this report in accordance with the Inspector General Act of 1978, as amended (IG Act). 

Section 5(b) of the IG Act requires that the FCA Board send this report to the appropriate 

Congressional committees and subcommittees within 30 days after the date of this transmittal, 

accompanied by management’s report on the status of audit, inspection, and/or evaluation action 

items. 

I am honored to submit this report as the Inspector General, having been appointed on June 19, 

2013, following my service in the roles of Acting IG, Deputy IG, and Counsel to the IG since the FCA 

OIG’s establishment. Together with the FCA Board and management, it is my expectation and my 

goal to continue to improve the high quality of Agency programs and operations. 

On June 28, 2013, the OIG issued a final report on an audit of the Agency’s Telework Program. We 

determined the Agency sufficiently established a policy outlining telework eligibility requirements; 

adopted the telework program into the continuity of operations plan; and submitted required annual 

reports on the telework program. We did, however, identify areas where improvements can be 

made. Three agreed-upon actions resulted from this audit. At the end of this reporting period, all 

agreed-upon actions were closed. Please refer to page 4 for further information. 

On September 23, 2013, the OIG issued a final report on an audit of the Agency’s Student Loan 

Repayment Program. We determined the Agency’s policy governing student loan repayment 

benefits is generally consistent with related laws and regulations; however, varying levels of 

compliance with the policy and its controls have evolved over time. Three agreed-upon actions 
 

 

 

 

 

resulted from this audit. At the end of this reporting period, one action item remains open. Refer to 

page 4 for further information. 

The OIG contracted with the Bureau of Fiscal Services for Brown & Company CPAs, PLLC to 

perform the audit of FCA’s financial statements for fiscal year 2013. This audit was ongoing at the 

end of this reporting period. Please refer to page 5 for further information. 

Also initiated and ongoing during this period is the OIG’s annual evaluation of the Agency’s 

compliance with the Federal Information Security Management Act. This evaluation is conducted by 

the OIG’s Senior Information Technology Auditor. Please refer to page 5 for further information. 

The OIG continues to send surveys to the Farm Credit System institutions following regulatory safety 

and soundness examinations and other interactions with the FCA Office of Examination (OE). The 

results of the survey, evaluating the quality of the examination work and OE interactions, are 

summarized without attribution on a quarterly basis. The FCA Board and OE find this to be a 

valuable measuring tool. 

I would like to acknowledge the effective efforts of the OIG staff in diplomatically leading the Agency 

management to focus on significant program issues, and management’s positive and timely reaction 

and improvement. I look forward to continuing a positive and effective relationship between the OIG 

and the FCA Board, a partnership striving to continuously strengthen FCA operations. 

If you have any questions, please call me at 4036 or 4030. 

Respectfully, 

Elizabeth M. Dean 

Inspector General
 

Enclosure 
 

 

Contents 

EXECUTIVE SUMMARY........................................................................................ 1
 

BACKGROUND................................................................................................... 3 

FARM CREDIT ADMINISTRATION........................................................................... 3
 

FARM CREDIT SYSTEM....................................................................................... 3
 

AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED..................................... 4
 

TELEWORK PROGRAM..................................................................................................... 4
 

STUDENT LOAN REPAYMENT PROGRAM................................................................ 4
 

AUDITS, INSPECTIONS, AND EVALUATIONS IN PROGRESS...................................... 5 

FY 2013 INDEPENDENT FINANCIAL STATEMENT AUDIT OF FCA ...................................... 5
 

FY 2013 FEDERAL INFORMATION SECURITY MANAGEMENT ACT EVALUATION ............... 5 

STATUS OF UNIMPLEMENTED RECOMMENDATIONS.................................................. 5 

MANAGEMENT ADVISORY REPORT ISSUED.......................................................... 6
 

INVESTIGATIONS................................................................................................ 6 

LEGISLATION AND REGULATIONS....................................................................... 7 

OTHER ACTIVITIES............................................................................................. 9 

QUARTERLY SURVEY OF FARM CREDIT SYSTEM INSTITUTIONS................................. 9
 

STAFF PARTICIPATION IN ACTIVITIES WITHIN THE INSPECTOR GENERAL COMMUNITY.... 9 

STAFF PARTICIPATION IN AGENCY ORGANIZATIONS................................................ 9 

STAFF DEVELOPMENT....................................................................................... 9
 

ANNEX.............................................................................................................. 10
 

APPENDICES
 

APPENDIX A – INDEX OF REPORTING REQUIREMENTS............................................. 11
 

APPENDIX B – AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED..................

APPENDIX D – REPORTS WITH RECOMMENDATIONS THAT FUNDS

.... 12
 

APPENDIX C – REPORTS WITH QUESTIONED COSTS............................................... 13
 

 BE PUT TO BETTER USE............................................................. 14
 

APPENDIX E – PEER REVIEWS CONDUCTED OF THIS OFFICE.................................... 15
 

APPENDIX F – PEER REVIEWS CONDUCTED BY THIS OFFICE..................................... 16
 

APPENDIX G – FCA ORGANIZATIONAL CHART......................................................... 17
 

APPENDIX H – OFFICE OF INSPECTOR GENERAL ORGANIZATIONAL CHART................... 18 

APPENDIX I – GLOSSARY OF TERMS...................................................................... 19
 
 

 

Executive Summary 

This Semiannual Report to the Congress summarizes the activities and accomplishments of the 

Farm Credit Administration’s (FCA or Agency) Office of Inspector General (OIG) for the period 

April 1 through September 30, 2013. The OIG’s efforts were directed toward implementing the 

OIG’s fiscal year (FY) 2013 strategic and operating plan and budget; performing audits, 

inspections, and evaluations of FCA programs and operations; conducting investigations, as 

necessary; independently and confidentially surveying Farm Credit System (FCS or System) 

institutions regarding the effectiveness of the Agency’s examination function and examiners; and 

providing objective, independent reporting and counsel to the FCA Board on FCA programs and 

operations. 

During this reporting period, Elizabeth M. Dean was appointed Inspector General on 

June 19, 2013, after serving in the roles of Acting IG, Deputy IG, and Counsel to the IG at FCA 

since 1989. 

On June 28, the OIG issued a final audit report on the Agency’s Telework Program. There were 

three agreed-upon actions that resulted and were closed during this reporting period. See page 

4 for further information. 

Also, during this reporting period, on September 23, the OIG issued an audit report on the 

Agency’s Student Loan Repayment Program. There were three agreed-upon actions that 

resulted. Two action items have been closed and one remains open at the end of this reporting 

period. See page 4 for further information. 

The OIG contracted with the Bureau of Fiscal Services (BFS) for Brown & Company CPAs, 

PLLC (Brown & Co.) to perform the audit of FCA’s financial statements for FY 2013. This audit 

was ongoing at the end of this reporting period. See page 5 for further information. 

Also, initiated and ongoing during this period was the OIG’s annual evaluation of the Agency’s 

compliance with the Federal Information Security Management Act (FISMA). This evaluation is 

conducted by the OIG’s Senior Information Technology (IT) Auditor. See page 5 for further 

information. 

Additionally, the OIG issued two quarterly reports to the Chief Examiner and FCA Board on 

results of OIG surveys of the System institutions regarding the examination function and the 

examiners. These reports were for the quarters ended March 31 and June 30 2013. 

1 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

APRIL–SEPTEMBER 2013 
 

During this period, the OIG updated and issued its Strategic and Operating Performance Plan 

and Budgets for FYs 2014-2015 (SOPP). The SOPP is on the OIG’s website at 

http://www.fca.gov/home/inspector/ig_reports.html. Included in the SOPP is the OIG’s Audit 

Plan covering FYs 2014-2015 and beyond. 

The OIG maintains five positions: the Inspector General, Counsel to the Inspector General, a 

Senior Auditor, a Senior IT Auditor, and an Administrative Assistant. Appendix G and 

Appendix H reflect the organizational structure of FCA and the OIG, respectively. 

2 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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Background 

Farm Credit Administration 

The FCA is an independent Federal agency of the United States government responsible for the 

regulation and examination of Farm Credit System institutions chartered under the Farm Credit 

Act of 1971, as amended (Farm Credit Act). The FCA is also a “designated Federal entity” 

within the meaning of the Inspector General Act of 1978, as amended (IG Act). 

As a non-appropriated agency, FCA funds its expenses primarily through assessments to the 

institutions it regulates. The Agency’s FY 2013 budget was $61,900,000. Assessments by FCA 

to FCS institutions for FY 2013 were $50,000,000 with other sources of funding totaling 

$11,900,000. The OIG’s FY 2013 budget was $1,222,652. 

At the end of this reporting period FCA had 277 employees, about half of which are examiners 

located in five field offices. At the end of the prior semiannual reporting period the Agency had 

265 employees. 

Farm Credit System 

The FCS is a Government-sponsored enterprise comprised of 4 Farm Credit banks and 83 

lending associations, as of September 30, 2013, in all 50 states and Puerto Rico that primarily 

make loans to agriculture. The System raises funds by selling securities in the national and 

international money markets through its special purpose entity, the Federal Farm Credit Banks 

Funding Corporation. These securities are not guaranteed by the U.S. Government. 

The Federal Agricultural Mortgage Corporation (Farmer Mac), also a part of the FCS, is 

chartered by the Federal government to provide a secondary market for agricultural mortgage 

loans. Farmer Mac is publicly traded and issues its own debt securities. 

Additionally, there are four active service corporations organized under the Farm Credit Act that 

provide services to FCS entities and eligible borrowers. 

3 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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Audits, Inspections, and Evaluations 

REPORTS ISSUED 

The OIG conducts all audits in accordance with Government Auditing Standards issued by the 

Comptroller General of the United States for audits of Federal organizations, programs, 

activities, and functions. Inspections and evaluations are conducted in accordance with the 

Council of the Inspectors General on Integrity and Efficiency Quality Standards for Inspections. 

Copies of most OIG reports are available on the OIG web site at www.fca.gov/home/inspector.html, 

or by contacting the OIG at (703) 883-4030, or by TTY at (703) 883-4359, or by e-mail at 

ig_information@fca.gov. 

FCA’s Telework Program 

The objective of this audit was to determine whether the FCA’s telework program was 

administered effectively. We determined the Agency had sufficiently established a policy 

outlining telework eligibility requirements; adopted the telework program into the continuity of 

operations plan; and submitted annual reports on the telework program to the Office of 

Personnel Management. As a result of our audit: 

1. Permanent telework agreement documentation will include documentation to support 

decisions made. 

2. Telework agreements will be renewed annually. 

3. The Agency developed a system to track whether telework training was completed prior to 

telework agreements being signed. 

The final audit report was issued on June 28, 2013. 

Student Loan Repayments 

The objective of this audit was to determine the effectiveness of controls related to student loan 

repayment benefits. We determined the Agency’s policy governing student loan repayment 

benefits is generally consistent with related laws and regulations; however varying levels of 

compliance with the policy and its controls have evolved over time. As a result of our audit: 

1. Senior management and the Chief Operating Officer evaluated the student loan repayment 

program; 

2. The evaluation revealed the student loan repayment program was not consistently achieving 

its intended goal of recruiting highly skilled candidates so the program was suspended; 

3. Alternative tools were identified to assist with recruiting efforts and provide incentive to a 

larger pool of candidates; and 

4. Internal controls and documentation will be improved for outstanding student loan repayment 

commitments. 

There are two closed action items, and one action item remains open at the close of this report. 

The final audit report was issued on September 23, 2013. 

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AUDITS AND EVALUATIONS IN PROCESS 

FY 2013 Independent Financial Statement Audit of FCA 

The Accountability of Tax Dollars Act of 2002 required FCA and certain other agencies to submit 

to Congress and the Office of Management and Budget (OMB) an audited financial statement 

each fiscal year. 

In continuing to assist the Agency in meeting these requirements, the OIG contracted with the 

Bureau of Fiscal Services for Brown & Co. to perform the audit of FCA’s financial statements for 

FY 2013. The audit remained ongoing at the end of this reporting period. 

FY 2013 Federal Information Security Management Act Evaluation 

The evaluation of the Agency’s compliance with FISMA for FY 2013 is performed by the OIG’s 

Senior IT Auditor, using guidelines established by FISMA, OMB, and the National Institute of 

Standards and Technology. This evaluation was ongoing at September 30, 2013. 

STATUS OF UNIMPLEMENTED RECOMMENDATIONS 

During this reporting period there were six new agreed-upon actions that were administrative in 

nature. Five action items were closed during this reporting period. One action item remains 

open. 

Audit, Inspection, and Evaluation Agreed-Upon Actions and 

Recommendations 

Report Issued 

Open During 

this 6-Month 

Period 

Final Management 

Actions During this 

Period 

Open on 

10/1/2013 

Telework Program 6/28/2013 3 3 0 

Student Loan 

Repayment Program 9/23/2013 3 2 1 

Total 6 5 1 

5 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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MANAGEMENT ADVISORY REPORT ISSUED 

The OIG Management Advisory Reports are designed to be a quick mechanism to offer the 

Agency head and management suggestions on ways to strengthen Agency operations. The 

OIG continued to provide information and best practices related to an advisory issued last 

reporting period on FCA’s Use of Social Media. 

On May 1, 2013, the Acting IG issued a Management Advisory. This advisory set forth the 

Congressional and Administration’s efforts to curtail excessive administrative costs spent on 

conferences. In reaction to the advisory, FCA management made assurances that guidance 

had been issued to curtail unnecessary conference expenses. 

The OIG plans to audit the conference and training expenses of the Agency during the next 

reporting period. 

INVESTIGATIONS 

Two allegations were received. One allegation related to inappropriate personnel practices. 

Following initial review, the matter was resolved. A second allegation concerning the FCA was 

unsubstantiated and closed. 

The FCA OIG acted as a liaison between the U.S. Department of Agriculture OIG and FCA 

examiners by forwarding information relevant to an ongoing fraud investigation. 

OIG Hotline calls and emails dealing with borrower complaints concerning FCS institutions and 

other FCA program issues were referred to the FCA office or other Federal agency responsible 

for reviewing such matters. 

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Legislation and Regulations 

In furtherance of the OIG’s mandate to review existing and proposed legislation and regulations, 

the Acting IG or the IG attends joint briefings of the FCA Board on regulations at the proposed 

and final stages. The following were reviewed: 

Legislation 

1) Pub. L. 113-6 (March 16, 2013) Reporting Requirements Regarding Conferences 

2) Pub. L. 113-7 (April 15, 2013) STOCK Act - Nullification of the Effectiveness with 

Respect to Mandatory Public, Online Financial Disclosure Reporting to Certain 

Executive Staff and Congressional Staff 

3) S. 417/H.R. 37, Reduce Nonessential Vehicles Purchased and Leased by the 

Federal Government 

4) S. 549, Public Online Information Act of 2013 

5) S. 575/H.R. 1203, Judicial Transparency and Ethics Enhancement Act of 2013- IG 

for Judicial Branch 

6) S. 601, Water Resources Development Act of 2013 

7) S. 664, Government Contractor Accountability Act of 2013 

8) S. 808, A bill to establish the Office of the Inspector General of the Senate 

9) S. 994/H.R. 2061, DATA Act 

10) S. 1310/H.R. 2779, Bureau of Consumer Financial Protection-IG Reform Act of 2013 

11) H.R. 302, Metropolitan Washington Airports Authority Inspector General Act of 2013 

12) H.R. 313, Government Spending Accountability Act of 2013 

13) H.R. 314, Inspector General Improvement Act of 2013 

14) H.R. 983/S. 639/H.R. 1312, Online Communications and Geolocation Protection Act 

15) H.R. 1163, Federal Information Security Amendments Act of 2013 

16) H.R. 1211, FOIA Act 

17) H.R. 1468, Strengthening and Enhancing Cybersecurity by Using Research, 

Education, Information and Technology Act of 2013 (SECURE IT) 

18) H.R. 1768, Accountability Review Board Reform Act of 2013
 

19) H.R. 1793, Global Partnerships Act of 2013
 

20) H.R. 1856, Closing Long-Empty Accounts Now Act of 2013 (CLEAN Act)
 

21) H.R. 1858, Congress Leads by Example Act of 2013
 

7 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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22) H.R. 1931, EASY Savings Act of 2013 

23) H.R. 2221, Sunshine on Government Act of 2013 (mandate requiring OMB, in 

consultation with CIGIE, to create a centralized website for OIG reports). 

24) H.R. 2548, Electrify Africa Act of 2013 

25) H.R. 2606, Stabilization and Reconstruction Integration Act of 2013 

26) H.R. 2675, Government Transformation Act 

27) Executive Order 13642, May 9, 2013, Making Open and Machine Readable the 

New Default for Government Information 

Regulations 

28) Fall 2013 Abstract of the Unified Agenda of Federal Regulatory and Deregulatory 

Actions and Fall 2013 Regulatory Projects Plan 

Final Rule 

29) Unincorporated Business Entities 

30) Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
 

31) Farmer Mac Capital Planning
 

Interim Final Rule 

32) Repeal of the Regulations Governing Registration of Mortgage Loan Originator 

33) Statement on Regulatory Burden Notice of Intent; Request for Comment 

Policy Statement 

34) Equal Employment Opportunity and Diversity (FCA-PS-62) 

Informational Memorandum 

35) Impact of Government Shutdown on FCA’s Operating Status 

36) Final Rule on Appraisals under the Equal Credit Opportunity Act (Regulation B) and 

the Truth in Lending Act (Regulation Z) 

37) High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in 

Lending Act (Regulation Z) and Homeownership Counseling Amendments to the 

Real Estate Settlement Procedures Act (Regulation X) 

38) Final Rule on Mortgage Loan Originator and Compensation Practices under the 

Truth in Lending Act (Regulation Z) 

8 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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Other Activities 

Quarterly Survey of Farm Credit System Institutions 

The OIG administers an ongoing survey of FCS institutions regarding the quality and 

consistency of the Agency’s examination function and examiners. The OIG issues a quarterly 

report and, at the end of each FY, a summary report on the surveys’ results to the Chief 

Examiner and the FCA Board. 

During this 6-month period, the OIG sent surveys to the Audit Committee Chairmen, Chief 

Executive Officers, and Boards of 29 FCS institutions. Quarterly reports for the 3-month periods 

ended March 31 and June 30, 2013, were issued by the OIG to the Chief Examiner and the FCA 

Board. 

Staff Participation in Activities within the Inspector General Community 

OIG staff members are encouraged to take part in organizations that contribute to the mission of 

the Inspectors General community, as well as their individual professional development. Most 

staff members are actively involved in one or more professional organizations, as well as 

activities within the Council of the Inspectors General on Integrity and Efficiency. 

The IG is a member of the CIGIE and participates as a member of CIGIE’s Inspection and 

Evaluation (I&E) Committee, as well as the Legislation Committee and incoming Chair of the 

Small IG group. Until the vacancy for a Counsel to the IG is filled, the IG is still active in the 

Council of Counsels and the Directors of Investigation. 

The OIG Senior Auditor and Senior IT Auditor attend Federal Audit Executive Committee 

meetings and conferences. The Senior Auditor participates as a member of the I&E 

Committee’s Roundtable. The Senior IT Auditor is actively involved in the IT Subcommittee of 

the Federal Audit Executive Committee and attends local ISACA (formerly known as Information 

Security and Control Association) meetings. 

Staff Participation in Agency Organizations 

OIG employees are active on Agency workgroups and task forces, as appropriate. 

Staff Development 

OIG employees continually seek ways to improve skills and become knowledgeable in the 

initiatives of the community of Inspectors General. Audit and legal staff must meet continuing 

education requirements. Individual development plans are used to identify long and short-term 

career goals along with specific training and developmental needs. These plans are geared to 

enhance individual skills in the performance of official duties and meet the criteria needed to 

achieve OIG performance goals and objectives. 

9 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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Annex 

This annex is provided in accordance with the National Defense Authorization Act for FY 2008. 

This referenced statute requires all Inspectors General appointed under the IG Act to include an 

annex to their semiannual reports as follows: 

1) listing all contract audit reports issued during the reporting period containing significant 

audit findings; 

2) briefly describing the significant audit findings in the report; and 

3) specifying the amounts of costs identified in the report as unsupported, questioned, or 

disallowed. 

Significant audit findings are defined as unsupported, questioned, or disallowed costs in excess 

of $10,000,000, or other findings that the Inspector General determines to be significant. It 

defines contracts as a contract, an order placed under a task or delivery order contract, or a 

subcontract. 

No contract audit reports meeting these criteria were issued on behalf of the OIG during this 

reporting period. 

10 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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Appendixes 

APPENDIX A 

Index of Reporting Requirements 

SECTION TITLE Page 

4(a)(2) Review of legislation and regulations 7 - 8 

5(a)(1) Significant problems, abuses, and deficiencies None 

5(a)(2) Recommendations for corrective action 5 

5(a)(3) Prior recommendations not yet implemented None 

5(a)(4) Matters referred to prosecutive authorities None 

5(a)(5) Information unreasonably refused or not provided None 

5(a)(6) List of reports issued 12 

5(a)(7) Summaries of significant reports 4 

5(a)(8) Management decisions with questioned costs 13 

5(a)(9) Management decisions on recommendations that funds be put 

to better use 14 

5(a)(10) Prior audit reports unresolved None 

5(a)(11) Significant revised management decisions None 

5(a)(12) Significant management decisions with which the Inspector 

General disagreed None 

5(a)(13) Compliance of Agency financial management system 5 

5(a)(14)(15) Peer reviews conducted of this OIG 15 

5(a)(16) Peer reviews conducted by this OIG 16 

845 FY 2008 National Defense Authorization Act Citation and 

Requirement 10 

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APPENDIX B 

Audit, Inspection, and Evaluation Reports Issued 

Report Number of Agreed Upon 

Actions/Recommendations Questioned Costs 

Recommendations 

That Funds Be Put to 

Better Use 

Telework Program 3 $ 0 $ 0 

Student Loan Repayment 

Program 3 $ 0 $ 0 

Total 6 $ 0 $ 0 

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APPENDIX C 

Reports with Questioned Costs 

Number Dollar Value 

Reports Recommendations 

Questioned 

Costs 

Unsupported 

Costs 

A. For which no management decision has been 

 made by the commencement of the reporting

 period. 

B. Which were issued during the reporting 

period. 

0 0 $ 0 $ 0 

0 0 $ 0 $ 0 

Subtotals (A+B) 0 0 $ 0 $ 0 

C. For which a management decision was made

 during the reporting period. 0 0 $ 0 $ 0 

(i) dollar value of disallowed costs 0 0 $ 0 $ 0 

(ii) dollar value of costs not disallowed 0 0 $ 0 $ 0 

D. For which no management decision has been

 made by the end of the reporting period. 

E. For which no management decision was 

 made within six months of issuance. 

0 0 $ 0 $ 0 

0 0 $ 0 $ 0 

13 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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APPENDIX D 

Reports with Recommendations that Funds 

be Put to Better Use 

Number of 

Reports 

Number of 

Recommendations Dollar Value 

A. For which no management decision has been 

 made by the commencement of the reporting

 period. 

0 0 $ 0 

B. Which were issued during the reporting period. 0 0 $ 0 

Subtotals (A+B) 0 0 $ 0 

C. For which a management decision was made

 during the reporting period. 0 0 $ 0 

(i) dollar value of recommendations that were 

agreed to by management 0 0 $ 0 

 - based on proposed management action 0 0 $ 0 

 - based on proposed legislative action 0 0 $ 0 

(ii) dollar value of recommendations that were 

 not agreed to by management 0 0 $ 0 

D. For which no management decision has been

 made by the end of the reporting period. 0 0 $ 0 

E. For which no management decision was 

 made within six months of issuance. 0 0 $ 0 

14 FCA OIG SEMIANNUAL REPORT TO CONGRESS
 

APRIL–SEPTEMBER 2013
 
 

APPENDIX E 

Peer Reviews Conducted of this Office 

Peer Review Performed By Date of Report Function 

Reviewed 

Peer Review 

Rating 

Architect of the Capitol 

Office of Inspector General June 26, 2013 Audit Pass 

U.S. Securities and Exchange Commission 

Office of Inspector General December 26, 2007 Investigations Pass 

15 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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APPENDIX F 

Peer Reviews Conducted by this Office 

Peer Review Of Date of Report Function 

Reviewed 

Peer Review 

Rating 

Consumer Product Safety Commission 

Office of Inspector General May 23, 2011 Audit Pass 

U.S. International Trade Commission 

Office of Inspector General January 16, 2013 Audit Pass 

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Board 

 

 

 

APPENDIX G 

FCA ORGANIZATIONAL CHART 

Farm Credit Administration Board 

Jill Long Thompson, Board Chair 

Kenneth A. Spearman, Member 

Leland A. Strom, Member 

Secretary to the Board 

Dale L. Aultman 

Equal Employment 

and Inclusion Director 

Thais Burlew 

Office of the Chairman 

and CEO 

Jill Long Thompson 

Office of the Chief 

Operating Officer 

William J. Hoffman 

Special Advisor YBS & 

Local Food Systems 

Mark Johansen 

Designated Agency 

Ethics Official 

Wendy R. Laguarda 

Office of 

Regulatory Policy 

Gary K. Van Meter 

Office of 

General Counsel3 

Charles R. Rawls 

Office of Management 

Services 

Stephen G. Smith 

Office of Examination 

S. Robert Coleman 

Office of 

Inspector General1 

Elizabeth M. Dean 

Office of 

Congressional and 

Public Affairs 

Michael A. Stokke 

Office of Secondary 

Market Oversight2 

Laurie A. Rea 

1 The Dodd-Frank Wall Street and Consumer Protection Act, Public Law 111-203, amended the Inspector General Act, 5 U.S.C. App 3, 

changing the meaning of “head of the designated Federal entity.” The effect is that the Inspector General now reports to the FCA Board. 

Prior to the amendment, the FCA Chairman was the “head of the designated Federal entity” under the IG Act and the IG reported to the 

Chairman. 

2 Reports to the Board for policy and to the CEO for administration. 

3 Maintains a confidential advisory relationship with each of the Board members. 

17 FCA OIG SEMIANNUAL REPORT TO CONGRESS 

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APPENDIX H 

Office of Inspector General Organizational Chart 

Inspector General 

Elizabeth M. Dean 

Administrative Assistant 

Debra M. Miller 

Counsel to the 

Inspector General 

Vacant 

Senior Auditor 

Veronica G. McCain 

Senior Information 

Technology Auditor 

Tammy F. Rapp 

 Elizabeth M. Dean, Inspector General September 2013 

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APPENDIX I 

Glossary of Terms 

Agency – Farm Credit Administration 

BFS – Bureau of Fiscal Services 

Brown & Co. – Brown & Company CPAs, PLLC 

CIGIE – Council of the Inspectors General on Integrity and Efficiency 

Farm Credit Act – Farm Credit Act of 1971, as amended 

Farmer Mac – Federal Agricultural Mortgage Corporation 

FCA – Farm Credit Administration 

FCS – Farm Credit System 

FISMA – Federal Information Security Management Act 

FY – Fiscal Year 

H.R. – House of Representatives 

IG – Inspector General 

IG Act – Inspector General Act of 1978, as amended 

I&E – Inspection and Evaluation 

ISACA – Information Security and Control Association 

IT – Information Technology 

OE – Office of Examination 

OIG – Office of Inspector General 

OMB – Office of Management and Budget 

Pub. L. – Public Law 

S. – Senate 

System – Farm Credit System 

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REPORT 
 

Fraud | Waste | Abuse | Mismanagement 

FARM CREDIT ADMINISTRATION 

OFFICE OF INSPECTOR GENERAL 

 Phone: Toll Free (800) 437-7322; (703) 883-4316 

 Fax: (703) 883-4059 

 E-mail: fca-ig-hotline@rcn.com 

 Mail: Farm Credit Administration 

Office of Inspector General 

1501 Farm Credit Drive 

McLean, VA 22102-5090
 

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