Thank you for the opportunity to help you with your question!
The Federal reserve Bank until last year on 17th September 2014 had never been audited. This was a 101 years of existence without any form of auditing.
The Bill to have the Feds audited was passed by a majority of the replicans as well as a number of democrats and it simply aims at seeking openness in the way matters are conducted by the Federal reserve Bank.
As an American, I totally welcome such a move since there have been a lot of non accountability by the Federal reserve for a long time now.
As such there are no ethical concerns but rather I laud the move by the Representative Paul Broun (R-Ga.
Please let me know if you need any clarification. I'm always happy to answer your questions.