Financial accountability (1 - 10 of 27 items) in Custom Date Range
Single Audit Analysis: Federated States of Micronesia and the Republic of the Marshall Islands (GAO-16-760SP), an E-Supplement to GAO-16-550T
GAO-16-760SP: Published: Sep 20, 2016. Publicly Released: Sep 20, 2016.
This is an e-supplement to GAO-16-550T. The Single Audit Act of 1984, as amended, is intended to improve accountability, including effective internal control over federal awards administered by state and local governments and nonprofit organizations. The Single Audit Act, as implemented by the Office of Management and Budget (OMB) requires each non-federal entity that expends a total amount of fed...
Compacts of Free Association: Issues Associated with Implementation in Palau, Micronesia, and the Marshall Islands
GAO-16-550T: Published: Apr 5, 2016. Publicly Released: Apr 5, 2016.
If enacted, Senate Bill 2610 (S. 2610) would change the schedule for U.S. assistance to the Republic of Palau and improve prospects for Palau's compact trust fund. S. 2610 would approve a 2010 agreement between the U.S. and Palau governments and provide annual assistance to Palau through 2024. Congress has not approved legislation to implement the 2010 agreement, which scheduled $216 million in U...
International Labor Grants: DOL's Use of Financial and Performance Monitoring Tools Needs to Be Strengthened
GAO-14-832: Published: Sep 24, 2014. Publicly Released: Sep 24, 2014.
The Department of Labor's (DOL) Bureau of International Labor Affairs' (ILAB) child labor office and trade and labor office both have guidance for the financial monitoring of grants, but could improve their financial oversight. For example, we found that project managers completed their acceptance or rejection of about 20 percent of quarterly financial reports more than 90 days after receipt from...
Status of Open World Exchange Program's Efforts to Strengthen Financial Management and Performance Measurement
GAO-12-1004R: Published: Sep 21, 2012. Publicly Released: Sep 21, 2012.
Since our 2004 report, Open World has taken a number of steps to address our recommendations on financial management controls, and has also generally followed leading financial management practices. For example, to address our recommendations, Open World (1) contracted with an independent public accountant to perform an assessment of its ability to be audited; (2) developed Financial Procedures an...
International Taxation: Information on Foreign-Owned but Essentially U.S.-Based Corporate Groups Is Limited
GAO-12-794: Published: Jul 16, 2012. Publicly Released: Aug 15, 2012.
The FCDC ownership structure could provide a tax avoidance or evasion advantage relative to a structure where U.S. parents own foreign subsidiaries. Academic experts we spoke to said that the FCDC corporate structure does not provide an inherently greater ability to evade taxes through transfer pricing abuse because transfer pricing rules are the same for the FCDC structure as for U.S. corporation...
Counternarcotics Assistance: U.S. Agencies Have Allotted Billions in Andean Countries, but DOD Should Improve Its Reporting of Results
GAO-12-824: Published: Jul 10, 2012. Publicly Released: Aug 9, 2012.
No single U.S. counternarcotics strategy exists for the Andean region. In each countryBolivia, Colombia, Ecuador, Peru, and Venezuelathe U.S. embassys mission strategic resource plan, developed in consultation with the countrys government, guides counternarcotics assistance provided by U.S. agencies. Department of State (State) officials told GAO that these plans incorporat...
Foreign Assistance: Actions Needed to Help Ensure Quality and Sustainability of USAID Road in Indonesia
GAO-12-728: Published: Jul 19, 2012. Publicly Released: Jul 19, 2012.
From August 2005 to September 2010, the U.S. Agency for International Development (USAID) awarded five contracts to reconstruct a major coastal road in Aceh Province, Indonesia. Three of the contracts were for construction, one contract was for design and supervision, and one contract was for project management. Several factors delayed the roads completion and increased costs. For example, a...
Conflict Minerals Disclosure Rule: SEC's Actions and Stakeholder-Developed Initiatives
GAO-12-763: Published: Jul 16, 2012. Publicly Released: Jul 16, 2012.
The Securities and Exchange Commission (SEC) has taken some steps toward developing a conflict minerals disclosure rule, but it has not issued a final rule. For example, SEC published a proposed rule in December 2010 and has gathered and reviewed extensive input from external stakeholders through comment letters and meetings. SEC has also announced, on several occasions, new target dates for the p...
Counterterrorism: U.S. Agencies Face Challenges Countering the Use of Improvised Explosive Devices in the Afghanistan/Pakistan Region
GAO-12-907T: Published: Jul 12, 2012. Publicly Released: Jul 12, 2012.
We identified four categories of assistance U.S. agencies have provided: (1) counter-IED training and equipment, (2) a counter-IED public awareness campaign, (3) training of border officials, and (4) legal assistance for laws and regulations to counter IEDs and IED precursors. We found that each agency providing counter-IED assistance to Pakistan performs a unique role based on its specialized kno...
Antidumping and Countervailing Duties: Management Enhancements Needed to Improve Efforts to Detect and Deter Duty Evasion
GAO-12-551: Published: May 17, 2012. Publicly Released: May 17, 2012.
U.S. Customs and Border Protection (CBP) detects and deters evasion of antidumping and countervailing (AD/CV) duties through a three-part process that involves (1) identifying potential cases of evasion, (2) attempting to verify if evasion is occurring, and (3) taking enforcement action. To identify potential cases of evasion, CBP targets suspicious import activity, analyzes trends in import data,...