Financial management (31 - 40 of 47 items)
Inspectors General: Opportunities to Enhance Independence and Accountability
GAO-07-1089T: Published: Jul 11, 2007. Publicly Released: Jul 11, 2007.
The federal inspectors general (IG) play a critical role in addressing mismanagement of scarce taxpayer dollars. In the coming years, as we enter a period of escalating deficits and increasingly limited resources, GAO believes that the greatest single source of savings will come from bold, decisive efforts to transform what government does and how it does business, and to hold it accountable for r...
Management Report: Opportunities for Improvements in SEC's Internal Controls and Accounting Procedures
GAO-05-693R: Published: Aug 12, 2005. Publicly Released: Aug 12, 2005.
In May 2005, we issued our report expressing an opinion on the Securities and Exchange Commission's (SEC) fiscal year 2004 financial statements and an opinion on SEC's internal control as of September 30, 2004. We also reported on the results of our tests of SEC's compliance with selected provisions of laws and regulations during fiscal year 2004. Our report on SEC's fiscal year 2004 financial sta...
Highlights of GAO's Corporate Governance, Transparency and Accountability Forum
GAO-02-494SP: Published: Mar 5, 2002. Publicly Released: Mar 5, 2002.
The recent sudden and largely unexpected bankruptcy of the Enron Corporation, and financial difficulties experienced by several other large corporations have resulted in substantial losses to employees and shareholders. Many believe that the decline of Enron and other instances of financial statement earnings restatements and bankruptcies have seriously undermined investor confidence in the nation...
Securities and Exchange Commission: Reviews of Accounting Matters Related to Public Filings
GAO-01-718: Published: Jun 14, 2001. Publicly Released: Jun 14, 2001.
This report reviews the Securities and Exchange Commission's (SEC) resolution of accounting issues submitted by companies that have or are contemplating publicly traded securities. Companies are required by law to register their securities with SEC by filing a registration statement. This statement must contain financial and other information on the securities and the issuer. SEC's Office of the C...
Housing Finance: Improving the Federal Home Loan Bank System's Affordable Housing Program
RCED-95-82: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Home Loan (FHL) Bank System's implementation of the Affordable Housing Program (AHP), focusing on: (1) how the program's funds have been used to support affordable housing initiatives; (2) how the program has been administered; and (3) what opportunities exist for program improvement.GAO found that: (1) the FHL Bank System provided ne...
Bank Insurance Fund: Review of Loss Estimation Methodologies
AIMD-94-48: Published: Dec 9, 1993. Publicly Released: Jan 10, 1994.
Pursuant to a congressional request, GAO reviewed certain public and private-sector estimates of bank failures and related losses incurred by the Bank Insurance Fund (BIF), focusing on the: (1) various approaches used by these forecasters in estimating bank failures and losses; and (2) similarities, differences, and key assumptions of their estimation methodologies.GAO found that: (1) the forecast...
GGD-92-28R: Published: Aug 26, 1992. Publicly Released: Aug 26, 1992.
Pursuant to a congressional request, GAO reviewed the Commodity Futures Trading Commission's (CFTC) and self-regulatory organizations' (SRO) oversight of compliance with industry financial requirements by futures commission merchants. GAO found that: (1) CFTC and SRO have policies and procedures for monitoring compliance, which they followed in general; (2) SRO maintain watch lists of firms suspec...
Obligations Limitation: Resolution Trust Corporation's Compliance as of March 31, 1991
AFMD-92-39: Published: Mar 11, 1992. Publicly Released: Apr 13, 1992.
Pursuant to a congressional request, GAO provided its quarterly review of the Resolution Trust Corporation's (RTC) compliance with the maximum obligation limit set forth by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).GAO found that: (1) FIRREA established a formula for calculating the maximum allowable obligations outstanding and provided $50 billion in financ...
Obligations Limitation: Resolution Trust Corporation's Compliance as of December 31, 1990
AFMD-92-4: Published: Oct 22, 1991. Publicly Released: Nov 22, 1991.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporations's (RTC) fourth-quarter compliance with the maximum obligation limit set forth in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which: (1) established a formula for calculating the maximum allowable obligations outstanding; and (2) provided $50 billion in financing to resolve tro...
Federal Home Loan Mortgage Corporation: Abuses in Multifamily Program Increase Exposure to Financial Losses
RCED-92-6: Published: Oct 7, 1991. Publicly Released: Oct 15, 1991.
Pursuant to a congressional request, GAO examined whether the Federal Home Loan Mortgage Corporation's (Freddie Mac) procedures governing the purchasing and servicing of 35 Bronx, New York, multifamily mortgages adequately protected its investments.GAO found that: (1) because of weak controls, Freddie Mac did not detect patterns of inaccurate and incomplete information in the appraisals and report...