{"id":105,"date":"2006-03-13T08:03:59","date_gmt":"2006-03-13T14:03:59","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=105"},"modified":"2008-02-03T23:29:02","modified_gmt":"2008-02-04T05:29:02","slug":"more-internal-control-problems-at-fannie-mae","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/more-internal-control-problems-at-fannie-mae\/","title":{"rendered":"More internal control problems at Fannie Mae"},"content":{"rendered":"<p class=\"times\">For the second year in a row, Fannie Mae is postponing the filing of its annual report with the U.S. Securities and Exchange Commission.  Fannie Mae is also likely to issue a management report, stating that its internal controls over financial reporting were ineffective as of the end of 2005.<\/p>\n<p>The company is still working on its review of accounting policies, and says that it is has made significant progress toward completing the work. Some accounting errors that weren&#8217;t disclosed until recently include accounting for some investments at the incorrect cost basis, accounting for some guaranty fees in connection with some mortgage backed securities trusts, and some loan-related accounting issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the second year in a row, Fannie Mae is postponing the filing of its annual report with the U.S. Securities and Exchange Commission. Fannie Mae is also likely to issue a management report, stating that its internal controls over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-105","post","type-post","status-publish","format-standard","hentry","category-auditing-regulations"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-1H","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=105"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/105\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}