Financial Disclosure:

Navy's Public Disclosure System Generally Works Well but Can Be Improved

NSIAD-89-194: Published: Jul 27, 1989. Publicly Released: Aug 15, 1989.

Additional Materials:

Contact:

Harold J. Johnson, Jr
(202) 275-3990
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the Navy's implementation of the executive personnel financial disclosure system.

GAO found that: (1) the Navy and Marine Corps executive financial disclosure system was working well, with minor exceptions, and there was no evidence of any conflicts of interest; (2) the Navy and Marine Corps did not identify some potential conflicts of interest because some disclosure report reviewers did not search references on corporate affiliations to determine whether filers had a financial involvement with affiliates of Department of Defense contractors; and (3) two of the three offices involved in implementing the program did not evaluate management controls over the program as part of the Navy and Marine Corps Federal Managers' Financial Integrity (FMFIA) program.

Recommendations for Executive Action

  1. Status: Closed - Implemented

    Comments: The Navy implemented the recommendation. While review of disclosure forms should improve, GAO cannot project a tangible improvement in order to claim an accomplishment.

    Recommendation: The Secretary of the Navy should standardize the use of the Directory of Corporate Affiliations by all Navy and Marine Corps reviewers as an additional means of detecting potential conflicts of interest.

    Agency Affected: Department of Defense: Department of the Navy

  2. Status: Closed - Implemented

    Comments: The Navy implemented the recommendation. This is a compliance issue and consequently not subject to an accomplishment report.

    Recommendation: The Secretary of the Navy should review management controls over the Navy and Marine Corps executive financial disclosure reporting program in the Navy and Marine Corps implementation of the Federal Managers' Financial Integrity Act.

    Agency Affected: Department of Defense: Department of the Navy

 

Explore the full database of GAO's Open Recommendations »

Sep 29, 2016

Sep 28, 2016

Sep 27, 2016

Sep 26, 2016

Sep 23, 2016

Sep 21, 2016

Sep 7, 2016

Aug 30, 2016

Looking for more? Browse all our products here