GAO High-Risk Program
AIMD-94-72R: Published: Jan 27, 1994. Publicly Released: Jan 27, 1994.
- Full Report:
GAO provided updated information on its high risk program, focusing on: (1) lending and insuring issues; (2) contracting issues; and (3) accountability issues. GAO noted that: (1) although the Department of Housing and Urban Development (HUD) has made efforts to address program management problems, billions of dollars are at risk because of organizational, systems, and staffing problems; (2) inadequate information and financial management systems make it more difficult for HUD to establish adequate internal controls; (3) public housing programs are at risk because of high vacancy rates, weak internal controls, and ineffective management; and (4) HUD consolidation of regional and field offices is expected to increase accountability by giving headquarters staff control over field resources.