Other (121 - 130 of 2,122 items)
Financial Stability: New Council and Research Office Should Strengthen the Accountability and Transparency of Their Decisions
GAO-12-886: Published: Sep 11, 2012. Publicly Released: Sep 13, 2012.
These new organizations--the Financial Stability Oversight Council (FSOC) and Office of Financial Research (OFR)--face challenges in achieving their missions. Key FSOC missions--to identify risks and respond to emerging threats to financial stability--are inherently challenging, in part, because risks to financial stability do not develop in precisely the same way in successive crises. Collaborati...
Community Banks and Credit Unions: Impact of the Dodd-Frank Act Depends Largely on Future Rule Makings
GAO-12-881: Published: Sep 13, 2012. Publicly Released: Sep 13, 2012.
While the number of community banks and credit unions has declined in recent years, they have remained important lenders to small businesses and other local customers. From 1985 through 2010, the number of banks under $10 billion in assets and credit unions declined by over 50 percent to 7,551 and 7,339, respectively. The decline resulted largely from consolidations, which were facilitated by chan...
Millennium Challenge Corporation: Results of Transportation Infrastructure Projects in Seven Countries
GAO-12-631: Published: Sep 12, 2012. Publicly Released: Sep 12, 2012.
The Millennium Challenge Corporation (MCC)--a U.S. government corporation-- recognizes the importance of a disciplined, transparent, and accountable approach to tracking compact results. However, it reduced the scopes of its early transportation infrastructure projects and reports mixed success in meeting key performance targets. In addition, problems with data quality call into question the relia...
Reemployment of Retirees: Six Agencies' Use of Dual Compensation Waiver Authority is Limited
GAO-12-855R: Published: Sep 10, 2012. Publicly Released: Sep 10, 2012.
In summary, the six agencies we reviewed made very little use of the NDAA waiver authority in fiscal years 2010 and 2011. The Department of Treasury made the most, although still very little, use of the waiver authority in both fiscal years--167 waivers in fiscal year 2010 and 214 waivers in fiscal year 2011. Agency officials told us that their agencies used a combination of NDAA and other waiver...
Veterans' Reemployment Rights: Department of Labor and Office of Special Counsel Need to Take Additional Steps to Ensure Demonstration Project Data Integrity
GAO-12-860R: Published: Sep 10, 2012. Publicly Released: Sep 10, 2012.
DOL and OSC began the USERRA demonstration project on August 9, 2011, meeting the time frame (within 60 days of our report on the project's design) required by the VBA. From August 9, 2011, to May 9, 2012, DOL has received 87 USERRA demonstration project cases and OSC has received 123 cases. The data reported in this study cover only 9 months of the demonstration project and do not represent the o...
Management Report: Improvements Are Needed to Strengthen the American Battle Monuments Commission's Internal Controls and Accounting Procedures
GAO-12-830R: Published: Jul 26, 2012. Publicly Released: Jul 26, 2012.
During our audit of the Commissions fiscal years 2011 and 2010 financial statements, we identified the following internal control deficiencies that, collectively, constituted a significant deficiency in the Commissions internal control over financial reporting as of September 30, 2011.Access controls over foreign employee payroll systems. The Commissions controls were not fully effective in...
Thrift Savings Plan: Adding a Socially Responsible Index Fund Presents Challenges
GAO-12-664: Published: Jun 26, 2012. Publicly Released: Jul 26, 2012.
Officials at the Thrift Savings Plan (TSP) and the other public retirement plans that had considered socially responsible investment (SRI) associated a number of common challenges with SRI adoption. While none of these plans were identical to TSP in scope or demographics, many plan officials shared similar challenges and concerns with TSP. For example, they identified participant demand, SRI scree...
Federal Workers: Results of Studies on Federal Pay Varied Due to Differing Methodologies
GAO-12-564: Published: Jun 22, 2012. Publicly Released: Jul 23, 2012.
Annual pay adjustments for the General Schedule (GS), the pay system covering the majority of federal workers, are either determined through the process specified in the Federal Employees Pay Comparability Act of 1990 (FEPCA) or set based on percent increases authorized directly by Congress. GS employees receive an across-the-board increase (ranging from 0 to 3.8 percent since FEPCA was implemente...
Security Clearances: Agencies Need Clearly Defined Policy for Determining Civilian Position Requirements
GAO-12-800: Published: Jul 12, 2012. Publicly Released: Jul 12, 2012.
The Director of National Intelligence (DNI), as Security Executive Agent, has not provided agencies clearly defined policy and procedures to consistently determine if a position requires a security clearance. Executive Order 13467 assigns DNI responsibility for, among other things, developing uniform and consistent policies to determine eligibility for access to classified information, and gives t...
Oil Dispersants: Additional Research Needed, Particularly on Subsurface and Arctic Applications
GAO-12-585: Published: May 30, 2012. Publicly Released: Jun 29, 2012.
According to experts, agency officials, and specialists, much is known about the use of chemical dispersants on the surface of the water, but gaps remain in several research areas. For example, experts generally agreed that there is a basic understanding of the processes that influence where and how oil travels through the water, but that more research was needed to quantify the actual rate at whi...