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Article: Fannie Mae Names Hinrichs Chief Auditor
- Article from:
- AP Online
- Article date:
- June 27, 2005
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
06-27-2005
Dateline: WASHINGTON
Mortgage giant Fannie Mae, whose accounting is under investigation by federal regulators, said Monday it has named a new chief audit executive from outside the company.
S. Jean Hinrichs, who is a certified internal auditor and fraud examiner with experience at a large investment firm and the Federal Reserve, will assume the job of senior vice president for internal audit next month, Fannie Mae announced. She will report directly to the board of directors' audit committee.
Fannie Mae, the largest U.S. buyer of home mortgages, in December was ordered by the Securities and Exchange Commission to restate its earnings back to 2001, a correction that could ...