Freddie Mac 2015 Annual Report Download - page 336
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Controls and Procedures
Freddie Mac 2015 Form 10-K 334
Changes in Internal Control Over Financial
Reporting During the Quarter Ended
December 31, 2015
We evaluated the changes in our internal control over financial reporting that occurred during the quarter
ended December 31, 2015 and concluded that the following matter has materially affected, or is
reasonably likely to materially affect, our internal control over financial reporting.
We continue to make considerable enhancements to our risk management framework. During 2015, we
continued to enhance and refine our three-lines-of-defense risk management framework. As part of this
effort, during 2015 we moved several key functions within the organization. As we continue to transition to
our enhanced three-lines-of-defense framework, we may experience elevated operational risks, which we
are managing. For more information, see "MD&A — Risk Management — Operational Risk —
Operational Risk Management and Risk Profile."