More Vital Than Ever

Published: Mar 1, 1993. Publicly Released: Mar 1, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed accountability in government institutions. GAO noted that: (1) accountability is the mechanism for maintaining public trust that is crucial to business and government enterprises; (2) the government needs the support of the public in order to carry out health care reform, defense restructuring, education and training initiatives, and deficit reduction; (3) recent scandals and financial disasters have shaken public trust in government and the government has done little to establish and maintain an environment in which mismanagement will not happen; (4) executive branch agencies have not fully complied with procedures and legislative reporting requirements despite constant criticism; (5) the government continues to operate without the reliable information systems and effective internal controls it needs to make sound decisions; (6) the Chief Financial Officers Act of 1990 is the best mechanism for remedying the government's lack of accountability by requiring annual financial statements, audits, a 5-year Office of Management and Budget improvement plan, and annual reporting of internal control weaknesses; (7) effective federal oversight must extend to the financial management of private entities that could cost taxpayers money; and (8) government leaders must emphasize the crucial nature and visibility of the accountability issue.

Mar 23, 2015

Mar 16, 2015

Mar 4, 2015

Feb 23, 2015

Dec 11, 2014

Dec 10, 2014

Nov 18, 2014

Nov 13, 2014

Oct 10, 2014

Looking for more? Browse all our products here