Risk management (61 - 69 of 69 items)
U.S. Customs Service: Efforts to Strengthen Controls Over Mail Imports Duties and Fees
GGD-91-37: Published: Mar 12, 1991. Publicly Released: Mar 12, 1991.
Pursuant to a legislative requirement, GAO reviewed the U.S. Customs Service's efforts to improve controls over mail collection of assessed duties and fees.GAO found that Customs: (1) assessed $26 million in duties and processing fees in fiscal year 1990, and collected about $24 million through the U.S. Postal Service; (2) reported that about $10 million in duties and fees was delinquent; (3) iden...
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
RTC Asset Management: Contracting Controls Need to Be Strengthened
T-GGD-90-53: Published: Sep 24, 1990. Publicly Released: Sep 24, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) contracting practices. GAO noted that: (1) in January 1990, GAO cited RTC as 1 of 14 federal programs that were highly vulnerable to fraud, waste, and abuse; and (2) as of June 30, 1990, RTC resolved 207 thrifts and controlled $168 billion in assets, including 40,000 properties with a book value of about $16 billion. GAO also noted that RTC re...
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...
Government Financial Vulnerability: 14 Areas Needing Special Review
OCG-90-1: Published: Jan 23, 1990. Publicly Released: Jan 23, 1990.
Pursuant to a congressional request, GAO described its planned special audit of 14 federal programs that it believed to be particularly vulnerable to mismanagement, fraud, abuse, and major losses of funds due to poor internal control and financial management systems.GAO noted that it planned to investigate the: (1) Resolution Trust Corporation's management and disposal of approximately $200 billio...
Strengthening Internal Controls Would Help the Department of Justice Reduce Duplicate Payments
AFMD-85-72: Published: Aug 20, 1985. Publicly Released: Aug 20, 1985.
Pursuant to a congressional request, GAO reviewed duplicate payments made by federal agencies at selected federal payment centers, including one within the Department of Justice's Justice Management Division.GAO identified, through independent testing of prior payments, weaknesses in the automated and manual controls used to prevent duplicate payments. GAO found that: (1) the automated internal co...
Internal Control Weaknesses at the U.S. Customs Service
AFMD-84-23: Published: May 23, 1984. Publicly Released: May 23, 1984.
GAO reported the results of a survey of internal controls at 12 U.S. Customs Service offices. The survey was conducted during the period of January 1983 to April 1983.The survey identified weaknesses in internal controls which usually resulted because established procedures were not followed. The weaknesses existed in controls over the: (1) deposit, accounting, and safeguarding of collections, inc...
Fraud and Abuse in Federal Programs: The Auditor's Role
114980: Apr 14, 1981
The problem of fraud, abuse, and waste in Federal programs was discussed. The auditor's role in taking the preventive, detective, and corrective measures to combat this problem was explained. The auditor's role in reducing Government fraud and corruption can be seen only in tandem with that of the Federal program manager. In making prevention a priority, the manager has to decide how to strike the...
GAO Efforts Related to the Problem of Fraud in the Government
111657: Feb 27, 1980
Efforts by GAO to prevent fraud, abuse, waste, and error in Government programs are discussed. In addition, two previous GAO reports are discussed concerning: (1) the Federal manager's responsibility to resolve audit findings, and (2) problems involved in grant auditing. A task force was established for the Prevention of Fraud. The first of its efforts was an overview assessment dealing with the k...