Risk management (61 - 70 of 137 items)
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...
Homeland Security: Overview of Department of Homeland Security Management Challenges
GAO-05-573T: Published: Apr 20, 2005. Publicly Released: Apr 20, 2005.
The Department of Homeland Security (DHS) plays a key role in coordinating the nation's homeland security efforts with stakeholders in the federal, state, local, and private sectors. While GAO has conducted numerous reviews of specific DHS missions, such as border and transportation security and emergency preparedness, this testimony addresses overall DHS management issues. This testimony addresse...
DOD's High-Risk Areas: Successful Business Transformation Requires Sound Strategic Planning and Sustained Leadership
GAO-05-520T: Published: Apr 13, 2005. Publicly Released: Apr 13, 2005.
In January 2005, GAO released its 2005 high-risk series update report for the 109th Congress. GAO's high-risk series has increasingly focused on major government programs and operations that need urgent attention and transformation to ensure that the U.S. government functions in the most economical, efficient, and effective manner possible. GAO also emphasizes those federal programs and operations...
Tactical Aircraft: Opportunity to Reduce Risks in the Joint Strike Fighter Program with Different Acquisition Strategy
GAO-05-271: Published: Mar 15, 2005. Publicly Released: Mar 15, 2005.
Under the Ronald W. Reagan National Defense Authorization Act of 2005, GAO is required to to review the Joint Strike Fighter (JSF) program annually for the next 5 years. This is the first GAO report, and it (1) analyzes the JSF program's business case for delivering new capabilities to the warfighter and (2) determines whether the JSF program's acquisition strategy follows an evolutionary, knowled...
Need for Comprehensive Postal Reform
GAO-04-455R: Published: Feb 6, 2004. Publicly Released: Feb 25, 2004.
This letter responds to a request by the Chairman, Senate Committee on Governmental Affairs, for GAO's views on the need for postal reform and is based upon prior testimonies related to this issue. Since the Postal Service's transformation efforts and financial outlook had been placed on GAO's High-Risk List in April 2001, the Comptroller General has testified on several occasions about the govern...
Audit Guide: Auditing and Investigating the Internal Control of Government Purchase Card Programs (Supersedes GAO-03-678G)
GAO-04-87G: Published: Nov 1, 2003. Publicly Released: Nov 1, 2003.
This publication supersedes GAO-03-678G, Audit Guide: Auditing and Investigating the Internal Control of Government Purchase Card Programs, May 2003. The federal government of the United States--the largest and most complex organization in the world--expended approximately $15 billion through federal organizations' purchase card programs in fiscal year 2002. As the steward of taxpayer dollars, fed...
U.S. Postal Service: Key Postal Transformation Issues
GAO-03-812T: Published: May 29, 2003. Publicly Released: May 29, 2003.
The President established this Commission to examine the state of the U.S. Postal Service (the Service) and submit a report by July 31, 2003, with a proposed future vision for the Service and recommendations to ensure the viability of postal services. GAO has provided congressional committees with many reports and testimonies on postal matters, and this testimony is based largely on these prior re...
Department of Education: Status of Efforts to Address Major Management Challenges
GAO-03-531T: Published: Mar 12, 2003. Publicly Released: Mar 12, 2003.
In its 2003 performance and accountability report on the Department of Education, GAO identified challenges in, among other areas, student financial aid programs and financial management. The information GAO presents in this testimony is intended to assist Congress in assessing Education's progress in addressing and overcoming these challenges.Education has taken steps to address its continuing ch...
Customs Service Modernization: Automated Commercial Environment Progressing, but Further Acquisition Management Improvements Needed
GAO-03-406: Published: Feb 28, 2003. Publicly Released: Feb 28, 2003.
The U.S. Customs Service is conducting a multiyear, multibillion dollar project, the Automated Commercial Environment (ACE), a new trade processing system that is planned to support effective and efficient movement of goods into the United States. By congressional mandate, Customs' expenditure plans for ACE must meet certain conditions, including being reviewed by GAO. This study addresses whether...