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» VISIT US ONLINE @ DSNEWS.COM 11 Every field representative, call center agent, and anyone that would every handle your file or support your property is a direct employee of JMA Services ensuring the best possible service and highest level of compliance on each of our customer interactions. Delivering innovative outreach solutions nationwide by leveraging proven campaign workflows, and one of the most experience outreach teams in the industry. » Skip Trace / Verified Phone Number » Borrower Contact » Warm Transfer » Loss Mitigation Process Management » End-To-End Modification Campaigns » Mobile Notary Service » Call Center » Private Label Services » Field Visits » Specialty Door Knock Campaigns » Recovery Services JM ADJUSTMENT SERVICES, LLC 844.562.7378 | Info@JMAdjustment.com | JMAdjustment.com WATCHDOG FINDS PROBLEMS WITH CFPB'S INTERNAL CONTROLS e Consumer Financial Protection Bureau (CFPB) has had a challenging year between all the Republican efforts to change its structure and the opening arguments of the PHH Mortgage Trial in which the Bureau's constitutionality was called into question by a panel of three Republican judges. Now the Government Accountability Office (GAO) has found some problems with the CFPB's internal controls and accounting procedures, according to a report from the GAO released the week of June 13. "During its audit of the Consumer Financial Protection Bureau's (CFPB) fiscal years 2015 and 2014 financial statements, GAO identified deficiencies in CFPB's internal control over accounting for property, equipment, and software that collectively constituted a significant deficiency in CFPB's internal control over financial reporting," the GAO reported. e GAO specifically found that the Bureau had not designed or effectively implemented controls to: reasonably assure the accurate and timely classification of the recording of software costs, and maintain complete and accurate records of property and equipment inventory. e GAO said it identified deficiencies related to the CFPB's reviewing and approving financial statements that the GAO did not consider to be significant deficiencies or material weaknesses but still needed the attention of CFPB's management. e GAO made five recommendations to the CFPB to address the significant deficiencies regarding the property, equipment, and software amounts recorded at year-end and the less significant deficiencies related to reviewing and approving financial statements. e recommendations included providing training to employees on a recurring basis on how to conduct inventory of electronic equipment and how to update and maintain accurate inventory records; updating the Office of the Chief Financial Officer's financial records to include costs by project; directing the program offices to require vendors to provide detailed invoices with costs broken out by project; and designing and implementing effective procedures over the preparation of CFPB financial statements and note disclosures. "CFPB stated that it agreed with the recommendations GAO made in the report and has implemented or is in the process of implementing actions to address the issues GAO identified. GAO will evaluate CFPB's actions for addressing the deficiencies identified in the report as part of GAO's fiscal year 2016 audit," the GAO reported.