Letter to Congressional Committees Identifying GAO's Original High Risk Areas
Published: Jan 23, 1990. Publicly Released: Jan 23, 1990.
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What GAO Found
GAO planned to undertake a special audit effort focusing on 14 areas to identify potential material losses and ensure appropriate corrective actions are being taken to stem or minimize the losses. GAO selected the initial list based on our knowledge of the problem areas from our previous work, and other criteria, including the magnitude of the problem, the likelihood of achieving savings, and what additional work may be required.
Why GAO Did This Study
This letter responds to concerns about material deficiencies in management information and accounting systems, and material weakness in internal controls that may result in major losses of federal funds and the collateral fraud and abuse incidents.
For more information, contact J. Christopher Mihm, Managing Director, Strategic Issues, at (202) 512-6806 or email@example.com.