Risk management (51 - 60 of 135 items)
Governmentwide Purchase Cards: Actions Needed to Strengthen Internal Controls to Reduce Fraudulent, Improper, and Abusive Purchases
GAO-08-333: Published: Mar 14, 2008. Publicly Released: Apr 9, 2008.
Over the past several years, GAO has issued numerous reports and testimonies on internal control breakdowns in certain individual agencies' purchase card programs. In light of these findings, GAO was asked to analyze purchase card transactions governmentwide to (1) determine whether internal control weaknesses existed in the government purchase card program and (2) if so, identify examples of frau...
Legal Services Corporation: Improved Internal Controls Needed in Grants Management and Oversight
GAO-08-37: Published: Dec 28, 2007. Publicly Released: Jan 18, 2008.
The Legal Services Corporation (LSC) was created as a private nonprofit to support legal assistance for low-income people to resolve their civil legal matters and relies heavily on federal appropriations. In 2006, LSC distributed most of its $327 million in grants to support such assistance. Effective internal controls over grants and oversight of grantees are critical to LSC's mission. GAO was as...
Centers for Medicare and Medicaid Services: Internal Control Deficiencies Resulted in Millions of Dollars of Questionable Contract Payments
GAO-08-54: Published: Nov 15, 2007. Publicly Released: Dec 20, 2007.
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) established a voluntary outpatient prescription drug benefit, which is administered by the Centers for Medicare and Medicaid Services (CMS). CMS relies extensively on contractors to help it carry out its basic mission. Congress appropriated to CMS $1 billion for start-up administrative costs to implement provisions of...
2010 Census: Costs and Risks Must be Closely Monitored and Evaluated with Mitigation Plans in Place
GAO-06-822T: Published: Jun 6, 2006. Publicly Released: Jun 6, 2006.
The decennial census is a constitutionally mandated activity, with immutable deadlines. It produces data used to allocate about $200 billion yearly in federal financial assistance, reapportion the seats of the House of Representatives, and provide a profile of the nation's people to help guide policy decisions. The U.S. Census Bureau (Bureau) estimates the 2010 Census will cost $11.3 billion, maki...
United Nations: Internal Oversight and Procurement Controls and Processes Need Strengthening
GAO-06-701T: Published: Apr 27, 2006. Publicly Released: Apr 27, 2006.
The United States has strongly advocated that the United Nations (UN) reform its management practices to mitigate various program and financial risks. The findings of the Independent Inquiry Committee into the Oil for Food Program have renewed concerns about UN oversight, and the 2005 UN World Summit proposed actions to improve the UN's Office of Internal Oversight Services (OIOS). Furthermore, ov...
State's Centrally Billed Foreign Affairs Travel: Internal Control Breakdowns and Ineffective Oversight Lost Taxpayers Tens of Millions of Dollars
GAO-06-298: Published: Mar 10, 2006. Publicly Released: Apr 10, 2006.
The relative size of the Department of State's (State) travel program and continuing concerns about fraud, waste, and abuse in government travel card programs led to this request to audit State's centrally billed travel accounts. GAO was asked to evaluate the effectiveness of internal controls over (1) the authorization and justification of premium-class tickets charged to the centrally billed acc...
Small Business Administration: Improvements Made, but Loan Programs Face Ongoing Management Challenges
GAO-06-605T: Published: Apr 6, 2006. Publicly Released: Apr 6, 2006.
The Small Business Administration's (SBA) purpose is to promote small business development and entrepreneurship through business financing, government contracting, and technical assistance programs. SBA's largest business financing program is its 7(a) program, which provides guarantees on loans made by private-sector lenders to small businesses that cannot obtain financing under reasonable terms a...
Census Bureau: Important Activities for Improving Management of Key 2010 Decennial Acquisitions Remain to be Done
GAO-06-444T: Published: Mar 1, 2006. Publicly Released: Mar 1, 2006.
The Census Bureau plans to increase its use of automation to conduct the 2010 Decennial Census. Two key acquisitions are the Decennial Response Integration System (DRIS) and the Field Data Collection Automation program (FDCA). DRIS is expected to standardize and integrate data from census forms and other response modes. FDCA is expected to provide automation support for field data collection activ...
Cooperative Threat Reduction: DOD Has Improved Its Management and Internal Controls, but Challenges Remain
GAO-05-329: Published: Jun 30, 2005. Publicly Released: Jun 30, 2005.
Section 3611 of the National Defense Authorization Act for Fiscal Year 2004 mandates that GAO assess the Department of Defense's (DOD) internal controls for the Cooperative Threat Reduction (CTR) program and their effect on the program's execution. In addressing the mandate, we assessed DOD's management and internal controls over implementing CTR projects since 2003 by using the control standards...
Mutual Fund Trading Abuses: SEC Consistently Applied Procedures in Setting Penalties, but Could Strengthen Certain Internal Controls
GAO-05-385: Published: May 16, 2005. Publicly Released: Jun 7, 2005.
The Securities and Exchange Commission (SEC) and other regulators have recently identified two significant types of trading abuses--market timing and late trading--in the mutual fund industry. The more widespread abuse was market timing, which involved situations where investment advisers (firms that may manage mutual funds) entered into undisclosed arrangements with favored customers who were per...