Transformation Challenges

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Table of contents

• Transforamtion Challenges
• GAO's Strategic Plan
• Composition of Federal Spending
• Federal Spending for Mandatory and Discretionary Programs
• Fiscal Year 2004 Deficit Numbers
• Surplus or Deficit as a Share of GDP Fiscal Years 1962-2004
• Selected Fiscal Exposures: Sources and Examples 2004
• Another Way to Think About These Numbers
• Composition of Spending as a Share of GDP Under Baseline Extended
• Composition of Spending as a Share of GDP Assuming Discretionary Spending Grows with GDP after 2005 and All Expiring Tax Provisions are Extended
• Current Fiscal Policy Is Unsustainable
• The Way Forward
• We Need a Multifaceted Approach to Close the Long-Term Fiscal Gap
• GOA's High-Risk List 2005
• 21st Century Challenges Report
• Generic Reexamination Criteria and Sample Questions
• Twelve Reexamination Areas
• Themes
• Illustrative 21st Century Questions
• Illustrative 21st Century Questions
• Illustrative 21st Century Questions
• Illustrative 21st Century Questions
• Where Do We Go from Here?
• GAO's Work to Modernize the Accountability Profession
• GAO's Work to Modernize the Accountability Profession (cont'd)
• Selected Federal Government Reporting Challenges
• The Federal Financial Audit Environment
• How Do We Move Forward?
• Final