The NeighborWorks Accountability Act aims to enhance oversight of the Neighborhood Reinvestment Corporation by establishing an Inspector General . This new office will be authorized to receive necessary appropriations to carry out its functions, ensuring financial and operational scrutiny of the Corporation's activities. A key provision clarifies that the Inspector General's office will not assume program operating responsibilities , such as organizational assessments or grantee oversight, which will remain with the Corporation. Furthermore, the bill mandates that the Corporation's accounts undergo annual independent external audits conducted by certified public accountants, supplementing any audits performed by the new Inspector General's office to ensure comprehensive financial transparency.