The Securities and Exchange Commission has six “significant deficiencies” that prevented it from having effective internal controls over its financial reporting as of Sept. 30, 2009, the Government Accountability Office warned in an audit released this week.

The audit covered the SEC’s fiscal years 2008 and 2009.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.