Financial management (31 - 40 of 567 items)
Initial Results on Availability of Terrorism Insurance in Specific Geographic Markets
GAO-08-919R: Published: Jul 11, 2008. Publicly Released: Jul 11, 2008.
The terrorist attacks of September 11, 2001, on the World Trade Center in New York City and the Pentagon in Arlington, Virginia, are estimated to have resulted in insured losses amounting to $32.5 billion. Subsequent to the attacks, insurers largely stopped offering terrorism insurance coverage to commercial property owners, which raised significant concerns about potential negative economic conse...
Legal Services Corporation: Improvements Needed in Governance, Accountability, and Grants Management and Oversight
GAO-08-833T: Published: May 22, 2008. Publicly Released: May 22, 2008.
This testimony discuss GAO's recent reviews of Legal Services Corporation's (LSC) governance, accountability and grants management practices. LSC's mission is to make federal funding available to provide legal assistance in civil matters to low-income people throughout the United States on everyday legal problems. LSC pursues this mission by providing financial assistance, mostly through grants to...
Credit and Debit Cards: Federal Entities Are Taking Actions to Limit Their Interchange Fees, but Additional Revenue Collection Cost Savings May Exist
GAO-08-558: Published: May 15, 2008. Publicly Released: May 15, 2008.
Federal entities--agencies, corporations, and others--are growing users of credit and debit cards, as both "merchants" (receiving payments) and purchasers. Merchants accepting cards incur fees--called merchant discount fees--paid to banks to process the transactions. For Visa and MasterCard transactions, a large portion of these fees-- referred to as interchange--goes to the card-issuing banks. So...
U.S. Capitol Police: Status of Efforts to Address Prior GAO Recommendations on Administrative and Management Operations
GAO-08-540T: Published: May 1, 2008. Publicly Released: May 1, 2008.
The United States Capitol Police (USCP) is responsible for securing the 276-acre Capitol Complex, including protecting Members of Congress, visitors, and congressional facilities. In response to heightened security concerns, various requests, and legislative mandates over the years, GAO has reported on management control problems in five key areas: (1) establishing an accountability framework for...
Financial Audit: Special Counsel Expenditures for the Six Months Ended September 30, 2007
GAO-08-541: Published: Mar 31, 2008. Publicly Released: Mar 31, 2008.
This report presents the results of our audit of expenditures reported by the Office of Special Counsel Patrick J. Fitzgerald for the 6 months ended September 30, 2007. The independent counsels were required under 28 U.S.C. 596 (c)(1) to prepare a statement of expenditures on a semiannual basis. Under 28 U.S.C. 596 (c)(2 ), we were required to conduct a financial review of a midyear statement and...
Defense Business Transformation: Sustaining Progress Requires Continuity of Leadership and an Integrated Approach
GAO-08-462T: Published: Feb 7, 2008. Publicly Released: Feb 7, 2008.
The Department of Defense (DOD) has stewardship over an unprecedented amount of taxpayer money--with about $546 billion in discretionary budget authority provided thus far in fiscal year 2008, and total reported obligations of about $492 billion to support ongoing operations and activities related to the Global War on Terrorism from September 11, 2001, through September 2007. Meanwhile, DOD is sol...
Securities and Exchange Commission: Opportunities Exist to Improve Oversight of Self-Regulatory Organizations
GAO-08-33: Published: Nov 15, 2007. Publicly Released: Dec 17, 2007.
Self-regulatory organizations (SRO) are exchanges and associations that operate and govern the markets, and that are subject to oversight by the Securities and Exchange Commission (SEC). Among other things, SROs monitor the markets, investigate and discipline members involved in improper trading, and make referrals to SEC regarding suspicious trades by nonmembers. For industry self-regulation to f...
Organizational Transformation: Implementing Chief Operating Officer/Chief Management Officer Positions in Federal Agencies
GAO-08-34: Published: Nov 1, 2007. Publicly Released: Dec 12, 2007.
Agencies across the federal government are embarking on large-scale organizational transformations to address 21st century challenges. One proposed approach to address systemic federal governance and management challenges involves the creation of a senior-level position--a chief operating officer (COO)/chief management officer (CMO)--in selected federal agencies to help elevate, integrate, and ins...
Bankruptcy: Implementation of Reform Act's Debt Reaffirmation Agreement Provisions
GAO-08-94: Published: Dec 7, 2007. Publicly Released: Dec 7, 2007.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (referred to hereafter as the Reform Act) included provisions to better inform individuals who file for personal bankruptcy about their options for reaffirming debt--whereby filers may voluntarily agree to pay certain creditors in an effort to retain assets, such as an automobile. Reaffirmation agreements between debtors and credi...
Defense Business Transformation: A Full-time Chief Management Officer with a Term Appointment Is Needed at DOD to Maintain Continuity of Effort and Achieve Sustainable Success
GAO-08-132T: Published: Oct 16, 2007. Publicly Released: Oct 16, 2007.
The Department of Defense (DOD) continues to face significant challenges in resolving its many long-standing business challenges. DOD is solely responsible for eight high-risk areas and shares responsibility for another seven governmentwide areas on GAO's high-risk list. GAO designated DOD's approach to business transformation as high risk in 2005 because (1) DOD's improvement efforts were fragmen...