Recovery Act: Grant Implementation Experiences Offer Lessons for Accountability and Transparency (open access)

Recovery Act: Grant Implementation Experiences Offer Lessons for Accountability and Transparency

A letter report issued by the Government Accountability Office with an abstract that begins "Federal, state, and local officials responsible for implementing grants funded by the American Recovery and Reinvestment Act of 2009 (Recovery Act) as well as the external oversight community reported lessons learned regarding both useful practices and challenges to ensuring accountability. Faced with aggressive timelines for distributing billions of dollars, they adopted a number of practices to foster accountability including (1) strong support by top leaders; (2) centrally-situated collaborative governance structures; (3) the use of networks and agreements to share information and work towards common goals; and (4) adjustments to, and innovations in, usual approaches to conducting oversight such as the increased use of up-front risk assessments, the gathering of "real time" information, earlier communication of audit findings, and the use of advanced data analytics. For example, in 2009, the Recovery Accountability and Transparency Board (Recovery Board) established the Recovery Operations Center which used advanced data analysis techniques to identify potential fraud and errors before and after payments were made. The Recovery Act's emphasis on accountability also presented challenges for several states and federal agencies. These included limited resources for oversight at the state and local levels, …
Date: January 24, 2014
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Facility Security: Greater Outreach by DHS on Standards and Management Practices Could Benefit Federal Agencies (open access)

Facility Security: Greater Outreach by DHS on Standards and Management Practices Could Benefit Federal Agencies

A letter report issued by the Government Accountability Office with an abstract that begins "Agencies draw upon a variety of information sources in developing and updating their physical security programs. The most widely used source, according to survey responses from 32 agencies, is the institutional knowledge or subject matter expertise in physical security that agencies' security staff have developed through their professional experience. The second most used source are standards issued by the Interagency Security Committee (ISC). The standards, which are developed based on leading security practices across the government, set forth a decision-making process to help ensure that agencies have effective physical security programs in place. However, according to survey responses, the extent of agencies' use of ISC standards varied--with some agencies using them in a limited way. Agency officials from the case-study agencies said that certain conditions at their agencies--such as the types of facilities in the agencies' portfolios and their existing physical security requirements--contribute to limited use of the standards. ISC officials said that the standards are designed to be used by all agencies regardless of the types of facilities or their existing security programs; the standards can be customized to the needs of individual facilities and …
Date: January 24, 2013
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Water Quality: EPA Faces Challenges in Addressing Damage Caused by Airborne Pollutants (open access)

Water Quality: EPA Faces Challenges in Addressing Damage Caused by Airborne Pollutants

A letter report issued by the Government Accountability Office with an abstract that begins "Atmospheric deposition of nitrogen oxides (NOx), sulfur dioxide (SO2), and mercury contributes to the impairment of the nation's waters, but the full extent is not known. For example, states provide EPA with data on the extent to which their waterbodies do not meet water quality standards, and some states have reported that some of their waterbodies are polluted because of atmospheric deposition. However, the states have not assessed all of their waterbodies and are not required to report on the sources of pollution. Similarly, federal studies show that atmospheric deposition of NOx, SO2, and mercury is polluting waterbodies but have data for only some waters. The main sources of NOx and SO2 are cars and other forms of transportation and coal-burning power plants. Power plants are also the largest U.S. source of mercury emissions, but international sources also contribute to the mercury deposited in U.S. waters."
Date: January 24, 2013
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Workplace Safety and Health: Further Steps by OSHA Would Enhance Monitoring of Enforcement and Effectiveness (open access)

Workplace Safety and Health: Further Steps by OSHA Would Enhance Monitoring of Enforcement and Effectiveness

A letter report issued by the Government Accountability Office with an abstract that begins "The Department of Labor's Occupational Safety and Health Administration (OSHA) provides more frequent monitoring and more consistent guidance for its federal enforcement activities than for state enforcement activities. More specifically, OSHA regional officials review performance reports on federal activities at least every other week but review reports on state-run program activities quarterly. In addition, OSHA's guidance for audits of its regional and area offices is more consistent than the guidance for its audits of state-run programs. Guidance for audits of its offices requires that regional offices conduct a comprehensive audit with on-site review of inspection case files at least once every 4 years and other audits focused on more specific activities in all other years. In contrast, guidance for regional office audits of state-run programs changes from year to year and does not include a regular schedule for comprehensive audits with on-site case file reviews. While the frequency of OSHA's monitoring of state-run programs is necessarily different because of the independent enforcement authority of participating states, OSHA's lack of consistent guidance for audits of these state-run programs may allow enforcement deficiencies to go undetected, increasing the …
Date: January 24, 2013
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Actions to Enforce the Iran Sanctions Act and Implement Contractor Certification Requirement (open access)

Actions to Enforce the Iran Sanctions Act and Implement Contractor Certification Requirement

Correspondence issued by the Government Accountability Office with an abstract that begins "Since the fall of 2010, State has sanctioned 13 foreign firms under the ISA—2 for investments in Iran’s energy sector and 11 for supplying refined petroleum products."
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Arleigh Burke Destroyers: Additional Analysis and Oversight Required to Support the Navy's Future Surface Combatant Plans (open access)

Arleigh Burke Destroyers: Additional Analysis and Oversight Required to Support the Navy's Future Surface Combatant Plans

A letter report issued by the Government Accountability Office with an abstract that begins "The Navy relied on its 2009 Radar/Hull Study as the basis to select DDG 51 over DDG 1000 to carry the Air and Missile Defense Radar (AMDR) as its preferred future surface combatant—a decision that may result in a procurement of up to 43 destroyers and cost up to $80 billion over the next several decades. The Radar/Hull Study may not provide a sufficient analytical basis for a decision of this magnitude. Specifically, the Radar/Hull Study:"
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Capitol Police: Retirement Benefits, Pay, Duties, and Attrition Compared to Other Federal Police Forces (open access)

Capitol Police: Retirement Benefits, Pay, Duties, and Attrition Compared to Other Federal Police Forces

A letter report issued by the Government Accountability Office with an abstract that begins "USCP generally has enhanced retirement benefits, a higher minimum starting salary, and a wider variety of protective duties than other federal police forces in the DC metro area that GAO reviewed, but has similar employment requirements. Even though USCP, Park Police, Supreme Court Police, and Secret Service Uniformed Division are federal police forces, they provide enhanced retirement benefits similar to those offered by federal law enforcement agencies that have additional investigative duties. These enhanced benefits allow their officers to retire early and accrue retirement pensions faster than other federal police forces. USCP and these three forces also offered among the highest minimum entry-level salaries—ranging from $52,020 to $55,653—than the other six forces GAO reviewed, which had minimum entry-level salaries ranging from $38,609 to $52,018. USCP reported routinely having a wider variety of duties than most other forces. These duties ranged from routinely protecting members of Congress to protecting buildings. USCP and most of the forces generally have similar employment requirements, such as being in good physical condition."
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Decennial Census: Additional Actions Could Improve the Census Bureau's Ability to Control Costs for the 2020 Census (open access)

Decennial Census: Additional Actions Could Improve the Census Bureau's Ability to Control Costs for the 2020 Census

A letter report issued by the Government Accountability Office with an abstract that begins "The average cost to count each housing unit rose from $70 in 2000 to $97 in 2010 (in constant 2010 dollars). While the U.S. Census Bureau (Bureau) made changes to its budget structure from 2000 to 2010, they did not document the changes that would facilitate comparisons over time and cannot identify specific drivers of this cost growth. According to GAO’s Cost Estimating and Assessment Guide, an agency can strengthen its ability to control costs by using available cost data to make comparisons over time and identify and quantify trends. The Bureau faces the fundamental challenge of striking a balance between how best to control costs without compromising accuracy. However, the Bureau’s inability to identify specific actionable factors affecting past growth will make it difficult for the Bureau to focus its efforts to control costs for the 2020 Census."
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Department of Energy: Advanced Research Projects Agency-Energy Could Improve Its Collection of Information from Applications (open access)

Department of Energy: Advanced Research Projects Agency-Energy Could Improve Its Collection of Information from Applications

Testimony issued by the Government Accountability Office with an abstract that begins "Since first receiving an appropriation in 2009 in the American Recovery and Reinvestment Act of 2009, ARPA-E has awarded $521.7 million to universities, public and private companies, and national laboratories to fund 181 projects that attempt to make transformational—rather than incremental––advances to a variety of energy technologies, including high-energy batteries and renewable fuels. ARPA-E borrows from the model of the Defense Advanced Research Projects Agency (DARPA), an agency created within the Department of Defense (DOD) in 1958 to direct and perform advanced research and development projects. Award winners must meet cost share requirements, through either in-kind contributions or outside funding sources."
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Firms Reported in Open Sources to Have Sold Iran Refined Petroleum Products Declined Since June 30, 2010 (open access)

Firms Reported in Open Sources to Have Sold Iran Refined Petroleum Products Declined Since June 30, 2010

Correspondence issued by the Government Accountability Office with an abstract that begins "Iran’s involvement in illicit nuclear activities, support for terrorism, and abuse of human rights has led the United States, as well as other nations, to impose sanctions in an attempt to curb these activities. According to the Department of State (State), the sanctions are intended to, among other things, target sectors of the Iranian economy that are relevant to Iran’s proliferation activities and block the transfer of weapons and technology related to Iran’s missile and nuclear programs. One of the measures enacted by the United States, intended to limit resources available for proliferation and support for terrorism, imposes sanctions on firms that sell refined petroleum products to Iran."
Date: January 24, 2012
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Summary of GAO's Performance and Financial Information Fiscal Year 2010 (open access)

Summary of GAO's Performance and Financial Information Fiscal Year 2010

Other written product issued by the Government Accountability Office with an abstract that begins "This report presents the highlights of GAO's fiscal year 2010 Performance and Accountability Report. The Government Accountability Office, the audit, evaluation, and investigative arm of the Congress, exists to support the Congress in meeting its constitutional responsibilities and to help improve the performance and ensure the accountability of the federal government for the benefit of the American people. GAO examines the use of public funds; evaluates federal programs and policies; and provides analyses, recommendations, and other assistance to help the Congress make informed oversight, policy, and funding decisions. To fulfill its mission, GAO organizes and manages its resources to support four broad strategic goals. These include helping to address challenges to the well-being and financial security of the American people, responding to changing security threats and global interdependence, and transforming the federal government to address national challenges. Strategic goal 4 is an internal goal focused on enhancing GAO's value through improving its efficiency, effectiveness, and quality, and institutional stewardship and resource management. GAO maintains a workforce of highly trained professionals across a breadth of academic and scientific disciplines. About three-quarters of the approximately 3,200 employees are …
Date: January 24, 2011
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
VA Health Care: VA Spends Millions on Post-Traumatic Stress Disorder Research and Incorporates Research Outcomes into Guidelines and Policy for Post-Traumatic Stress Disorder Services (open access)

VA Health Care: VA Spends Millions on Post-Traumatic Stress Disorder Research and Incorporates Research Outcomes into Guidelines and Policy for Post-Traumatic Stress Disorder Services

A letter report issued by the Government Accountability Office with an abstract that begins "In addition to providing health care to veterans, the Department of Veterans Affairs (VA) funds research that focuses on health conditions veterans may experience. According to VA, experts estimate that up to 20 percent of Operation Enduring Freedom and Operation Iraqi Freedom veterans have experienced post-traumatic stress disorder (PTSD) and demand for PTSD treatment is increasing. Because of the importance of research in improving the services that veterans receive, GAO was asked to report on VA's funding of PTSD research, and its processes for funding PTSD research proposals, reviewing and incorporating research outcomes into clinical practice guidelines (CPG)--tools that offer clinicians recommendations for clinical services but do not require clinicians to provide one service over another--and determining which PTSD services are required to be made available at VA facilities. To do this work, GAO obtained and summarized VA data on the funding of PTSD research from its medical and prosthetic research appropriation through its intramural research program. GAO also reviewed relevant VA documents, such as those for developing CPGs and those related to VA's 2008 Uniform Mental Health Services in VA Medical Centers and Clinics handbook …
Date: January 24, 2011
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Federal Real Property: Strategy Needed to Address Agencies' Long-standing Reliance on Costly Leasing (open access)

Federal Real Property: Strategy Needed to Address Agencies' Long-standing Reliance on Costly Leasing

A letter report issued by the Government Accountability Office with an abstract that begins "In January 2003, GAO designated federal real property as a high-risk area, citing the government's overreliance on costly, long-term leasing as one of the major reasons. GAO's work over the years has shown that building ownership often costs less than operating leases, especially for long-term space needs. GAO was asked to identify (1) the profile of domestically held, federally leased space including the overall amount and type of space agencies lease, and any related trends; (2) the factors that drive agencies to lease space that may be more cost-effective to own; and (3) any actions taken by the administration and alternative approaches proposed to address this issue. GAO reviewed fiscal year 2006 Federal Real Property Profile (FRPP) leasing data and relevant documents and interviewed officials from the General Services Administration (GSA), the Office of Management and Budget (OMB), and the U.S. Postal Service (USPS). GAO also reviewed 10 building leases that were among those with the largest dollar value in 3 locations GAO visited."
Date: January 24, 2008
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Hedge Funds: Regulators and Market Participants Are Taking Steps to Strengthen Market Discipline, but Continued Attention Is Needed (open access)

Hedge Funds: Regulators and Market Participants Are Taking Steps to Strengthen Market Discipline, but Continued Attention Is Needed

A letter report issued by the Government Accountability Office with an abstract that begins "Since the 1998 near collapse of Long-Term Capital Management (LTCM), a large hedge fund--a pooled investment vehicle that is privately managed and often engages in active trading of various types of securities and commodity futures and options--the number of hedge funds has grown, and they have attracted investments from institutional investors such as pension plans. Hedge funds generally are recognized as important sources of liquidity and as holders and managers of risks in the capital markets. Although the market impacts of recent hedge fund near collapses were less severe than that of LTCM, they recalled concerns about risks associated with hedge funds and they highlighted the continuing relevance of questions raised over LTCM. This report (1) describes how federal financial regulators oversee hedge fund-related activities under their existing authorities; (2) examines what measures investors, creditors, and counterparties have taken to impose market discipline on hedge funds; and (3) explores the potential for systemic risk from hedge fund-related activities and describes actions regulators have taken to address this risk. In conducting this study, GAO reviewed regulators' policy documents and examinations and industry reports and interviewed regulatory and …
Date: January 24, 2008
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Military Operations: Implementation of Existing Guidance and Other Actions Needed to Improve DOD's Oversight and Management of Contractors in Future Operations (open access)

Military Operations: Implementation of Existing Guidance and Other Actions Needed to Improve DOD's Oversight and Management of Contractors in Future Operations

Testimony issued by the Government Accountability Office with an abstract that begins "The Department of Defense (DOD) relies extensively on contractors to support deployed forces for services that range from food and housing services to intelligence analysis. Since 1997, GAO has reported on DOD's shortcomings in managing and overseeing its use of contractor support. Part of the difficulty attributed to these shortcomings is that no one person or entity that made the decision to send 129,000 contractors to Iraq. Rather, numerous DOD activities were involved, thus adding to the complexity of the problems which GAO identified in its past work on this topic. This testimony focuses on (1) the problems that DOD has faced in managing and overseeing its contractor support to deployed forces and (2) future challenges that DOD will need to address to improve its oversight and management of contractors at deployed locations. In addition, as you requested, we have developed several actions Congress may wish to consider requiring DOD to take. This testimony is based on previously issued GAO reports and testimonies on DOD's management and oversight of contractor support to deployed forces that focused primarily on U.S. efforts in Southwest Asia. This work was conducted in …
Date: January 24, 2008
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
United Nations: Management Reforms and Operational Issues (open access)

United Nations: Management Reforms and Operational Issues

Testimony issued by the Government Accountability Office with an abstract that begins "Longstanding problems in United Nations (UN) management underscore the pressing need to reform and modernize the United Nations in areas ranging from management, oversight, and accountability to operational activities in specific countries. The United States has strongly advocated the reform of UN management practices and has also been critical of the restrictions Burma's military regime has imposed on many international organizations in Burma over the past 3 years. This testimony, based on recent GAO reports, discusses (1) management reform efforts at the UN Secretariat since 2006; (2) oversight and accountability in selected UN organizations; and (3) UN and other international organizations' activities in Burma."
Date: January 24, 2008
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Homeland Security: Progress Has Been Made to Address the Vulnerabilities Exposed by 9/11, but Continued Federal Action Is Needed to Further Mitigate Security Risks (open access)

Homeland Security: Progress Has Been Made to Address the Vulnerabilities Exposed by 9/11, but Continued Federal Action Is Needed to Further Mitigate Security Risks

A letter report issued by the Government Accountability Office with an abstract that begins "Five years after the terrorist attacks of September 11, 2001, GAO is taking stock of key efforts by the President, Congress, federal agencies, and the 9/11 Commission to strengthen or enhance critical layers of defense in aviation and border security that were directly exploited by the 19 terrorist hijackers. Specifically, the report discusses how: (1) commercial aviation security has been enhanced; (2) visa-related policies and programs have evolved to help screen out potential terrorists; (3) federal border security initiatives have evolved to reduce the likelihood of terrorists entering the country through legal checkpoints; and (4) the Department of Homeland Security (DHS) and other agencies are addressing several major post-9/11 strategic challenges. The report reflects conclusions and recommendations from a body of work issued before and after 9/11 by GAO, the Inspectors General of DHS, State, and Justice, the 9/11 Commission, and others. It is not a comprehensive assessment of all federal initiatives taken or planned in response to 9/11. GAO is not making any new recommendations at this time since over 75 prior recommendations on aviation security, the Visa Waiver Program, and U.S. Visitor and Immigrant …
Date: January 24, 2007
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Poverty In America: Consequences for Individuals and the Economy (open access)

Poverty In America: Consequences for Individuals and the Economy

Testimony issued by the Government Accountability Office with an abstract that begins "In 2005, 37 million people, approximately 13 percent of the total population, lived below the poverty line, as defined by the Census Bureau. Poverty imposes costs on the nation in terms of both programmatic outlays and productivity losses that can affect the economy as a whole. To better understand the potential range of effects of poverty, GAO was asked to examine (1) what the economic research tells us about the relationship between poverty and adverse social conditions, such as poor health outcomes, crime, and labor force attachment, and (2) what links economic research has found between poverty and economic growth. To answer these questions, GAO reviewed the economic literature by academic experts, think tanks, and government agencies, and reviewed additional literature by searching various databases for peer-reviewed economic journals, specialty journals, and books. We also provided our draft report for review by experts on this topic."
Date: January 24, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Poverty in America: Economic Research Shows Adverse Impacts on Health Status and Other Social Conditions as well as the Economic Growth Rate (open access)

Poverty in America: Economic Research Shows Adverse Impacts on Health Status and Other Social Conditions as well as the Economic Growth Rate

A letter report issued by the Government Accountability Office with an abstract that begins "In 2005, 37 million people, approximately 13 percent of the total population, lived below the poverty line, as defined by the Census Bureau. Poverty imposes costs on the nation in terms of both programmatic outlays and productivity losses that can affect the economy as a whole. To better understand the potential range of effects of poverty, GAO was asked to examine (1) what the economic research tells us about the relationship between poverty and adverse social conditions, such as poor health outcomes, crime, and labor force attachment, and (2) what links economic research has found between poverty and economic growth. To answer these questions, GAO reviewed the economic literature by academic experts, think tanks, and government agencies, and reviewed additional literature by searching various databases for peer- reviewed economic journals, specialty journals, and books. We also provided our draft report for review by experts on this topic."
Date: January 24, 2007
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Federal Family Education Loan Program: More Oversight Is Needed for Schools That Are Lenders (open access)

Federal Family Education Loan Program: More Oversight Is Needed for Schools That Are Lenders

A letter report issued by the Government Accountability Office with an abstract that begins "In fiscal year 2004, lenders made about $65 billion in loans through the Federal Family Education Loan Program (FFELP) to assist students in paying for postsecondary education. The Higher Education Act (HEA), which authorizes FFELP, broadly defined eligible lenders--including schools. The Department of Education's (Education) Office of Federal Student Aid (FSA) is responsible for ensuring that lenders comply with FFELP laws and regulations. Recently, schools have become increasingly interested in becoming lenders, and this has raised concerns about whether it is appropriate for schools to become lenders given that they both determine students' eligibility for loans and in some cases set the price of attendance. In light of these concerns we determined (1) the extent to which schools have participated as FFELP lenders and their characteristics, (2) how schools have structured lending operations and benefits for borrowers and schools, and (3) statutory and regulatory safeguards designed to protect taxpayers' and borrowers' interests."
Date: January 24, 2005
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Highway And Transit Investments: Options for Improving Information on Projects' Benefits and Costs and Increasing Accountability for Results (open access)

Highway And Transit Investments: Options for Improving Information on Projects' Benefits and Costs and Increasing Accountability for Results

A letter report issued by the Government Accountability Office with an abstract that begins "Mobility is critical to the nation's economy. Projections of future passenger and freight travel suggest that increased levels of investment may be needed to maintain the current levels of mobility provided by the nation's highway and transit systems. However, calls for greater investment in transportation come amid growing concerns about fiscal imbalances at all levels of the government. As a result, careful decisions will need to be made to ensure that transportation investments maximize the benefits of each federal dollar invested. In this report GAO identifies (1) the categories of benefits and costs that can be attributed to new highway and transit investments and the challenges in measuring them; (2) how state, local, and regional decision makers consider the benefits and costs of new highway and transit investments when comparing alternatives; (3) the extent to which investments meet their projected outcomes; and (4) options to improve the information available to decision makers. To address these objectives, we convened an expert panel, surveyed state departments of transportation and transit agencies, and conducted site visits to five metropolitan areas that had both a capacity-adding highway project and transit …
Date: January 24, 2005
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Fiscal Exposures: Improving the Budgetary Focus on Long-Term Costs and Uncertainties (open access)

Fiscal Exposures: Improving the Budgetary Focus on Long-Term Costs and Uncertainties

A letter report issued by the General Accounting Office with an abstract that begins "GAO and other budget experts have discussed that the current time horizons and content of the federal budget could be enhanced to more comprehensively reflect the government's commitments or signal emerging problems. GAO was asked to (1) provide information on the range and nature of responsibilities, programs, and activities that may explicitly or implicitly expose the government to future spending and (2) present and discuss options for increasing the attention paid to these items in the budget and budget process. GAO recommends that OMB report annually on fiscal exposures. Where possible, OMB should report the estimated costs-"exposure level"-of certain activities in the Program and Financing schedules of the budget. In a few select areas, the ultimate objective might be to include costs directly in the budget when doing so would enhance up-front control of spending. Congress may wish to consider exploring options for improving the budgetary information and the attention given to fiscal exposures. If more explicit congressional consideration is desired, as estimates improve, Congress may wish to develop budget process mechanisms that prompt more deliberation."
Date: January 24, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
GAO Forum on Governance and Accountability: Challenges to Restore Public Confidence in U.S. Corporate Governance and Accountability Systems (open access)

GAO Forum on Governance and Accountability: Challenges to Restore Public Confidence in U.S. Corporate Governance and Accountability Systems

A letter report issued by the General Accounting Office with an abstract that begins "On December 9, 2002, GAO convened a governance and accountability forum to discuss challenges facing regulators, the accounting profession, and boards of directors and management of public companies in effectively implementing the Sarbanes-Oxley Act of 2002 and related regulatory actions to improve public confidence in U.S. corporate governance and accountability systems. Major accountability breakdowns recent years, exacerbated in the last 2 years by the unprecedented massive breakdowns and bankruptcy of Enron and WorldCom, have contributed to the decline in investor confidence in U.S. capital markets. The forum focused on the four interrelated areas of corporate governance, the financial reporting model, the accounting profession, and regulation and enforcement that the accountability breakdowns have surfaced as critical areas to be strengthened. Addressing these challenges will involve the public, private, and not-for-profit sectors. In general, there must be the proper incentives, transparency, and accountability mechanisms in place to ensure the effectiveness of any system. As a result, these overarching principles were considered in connection with the issues discussed. Forum participants included individuals from federal and state government, the private sector, standards setting and oversight bodies, and a variety of …
Date: January 24, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Long-Term Commitments: Improving the Budgetary Focus on Environmental Liabilities (open access)

Long-Term Commitments: Improving the Budgetary Focus on Environmental Liabilities

A letter report issued by the General Accounting Office with an abstract that begins "Although environmental liabilities resulting from federal programs and activities represent the third largest category of the federal government's liabilities, the current cash- and obligation-based budget does not provide information on estimated cleanup costs before waste-producing assets are purchased. As a result, policymakers do not have the opportunity to weigh the full costs of a proposal with their judgment of its benefits. The Chairman of the House Committee on the Budget asked GAO to examine and report on various ways budgeting might be improved for environmental cleanup costs, including some of the benefits, limitations, and challenges associated with each."
Date: January 24, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library