The Government Performance and Results Act (GPRA) of 1993 seeks to improve the effectiveness, efficiency, and accountability of federal programs by establishing a system for agencies to set goals for program performance and to measure results. Under GPRA, agencies are to prepare multi-year strategic plans, annual performance plans, and annual performance reports.

The OIG Strategic Plan sets forth the broad goals and objectives for implementing the OIG's mission of promoting economy, efficiency, and effectiveness, and protecting against fraud, waste, and abuse in FDIC programs and activities. Our strategic plan focuses on long-term goals and objectives related to conducting audits, evaluations, and investigations that add value to corporate programs and activities; communicating effectively with the Chairman, the Congress, and other stakeholders; aligning human resources to support our mission; and managing OIG resources effectively.

The OIG Annual Performance Plan describes what we will accomplish during the year to help achieve our long-term strategic goals and objectives. The annual plan bridges the gap between our strategic goals and day-to-day activities of our staff, and reflects the OIG's emphasis on adding value to the Corporation and doing work that is responsive and relevant to the Chairman, the Congress, and FDIC management. The plan contains specific annual performance goals as well as a description of the processes, strategies, and resources needed for achieving those goals.

The OIG Annual Performance Report compares our performance with the goals established in our annual performance plan and includes an overall assessment of performance by strategic goal area. The annual performance report focuses on the most meaningful annual goals and measures related to achieving our strategic goals and objectives. The OIG Annual Performance Report is included as a separate but integral component of our September Semiannual Report to the Congress.

The Office of Audits Assignment Plan establishes the planned audit and evaluation assignments to be started during the fiscal year. The Assignment Plan is the culmination of cooperative efforts between the OIG, FDIC management, and other stakeholders in considering and ensuring that areas of high-risk and other issues of importance to the Chairman, the Congress, and the public are given attention. Throughout the planning process, we are mindful of the FDIC’s mission, the Chairman’s priorities, and the Corporation’s strategic planning and performance. With regard to risks and issues of importance, we perform an annual assessment of the most significant management and performance challenges facing the FDIC and then develop assignments needed to best address those challenges. Our assignments will yield results that, when communicated to FDIC management, are intended to enhance FDIC corporate governance and contribute to the Corporation’s overall risk management activities. The value-added process takes into consideration the corporate governance and risk management activities that occur in a dynamic environment. Accordingly, the OIG is constantly attuned to changes in the significance of known issues and may alter the timing of assignments or initiate unplanned assignments to address emerging issues.