Employee Financial Disclosure: Farm Credit Administration System Is Generally Operating Effectively
GGD-90-115
Published: Sep 27, 1990. Publicly Released: Oct 30, 1990.
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Highlights
Pursuant to a congressional request, GAO determined whether the Farm Credit Administration's (FCA) financial disclosure system safeguarded against conflicts between employees' financial interests and their federal duties.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Farm Credit Administration | 1. The Chairman, FCA, should require the designated agency ethics official and his alternate to obtain and review disclosure reports due in 1989 but not filed or not fully reviewed, and take appropriate action on all questionable financial interests where necessary. |
All recommended actions have been substantially completed.
|
| Farm Credit Administration | 2. The Chairman, FCA, should require the designated agency ethics official and his alternate to provide periodic status reports to ensure appropriate filing and review of all required disclosure reports. |
The reports are sent to the Chairman, FCA, following each financial disclosure cycle.
|
| Farm Credit Administration | 3. The Chairman, FCA, should require the designated agency ethics official and his alternate to require confidential disclosure reports to be reviewed within 60 days after receipt. |
FCA is now reviewing confidential reports within 60 days.
|
| Farm Credit Administration | 4. The Chairman, FCA, should require the designated agency ethics official and his alternate to use receipt dates to determine the timeliness of filing and review of both public and confidential reports. |
FCA is now date stamping all financial reports upon receipt to determine timeliness of filing.
|
| Farm Credit Administration | 5. The Chairman, FCA, should require the designated agency ethics official and his alternate to provide FCA employees with required information on situations that have posed or may pose conflicts of interest. |
FCA is doing this on a continuing basis.
|
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Topics
Confidential communicationsConflict of interestsDisclosure lawFarm creditFarm credit banksFederal employeesFinancial disclosureNoncompliancePublic recordsNutrition