Auditing and Financial Management:
Proposed National Technical Information Service Revolving Fund
RCED-83-218: Published: Sep 26, 1982. Publicly Released: Aug 25, 1983.
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In response to a congressional request, GAO examined selected activities and functions of the Department of Commerce's National Technical Information Service (NTIS) clearinghouse, focusing on the need to establish a new revolving fund as proposed by companion bills H.R. 2514 and S. 808. The current NTIS special fund facilitates payments to cover most operating costs associated with its information clearinghouse functions and acquiring inventory and equipment.
The proposed legislation would establish a revolving fund to permit NTIS to recover all clearinghouse costs, retain net earnings, and purchase equipment and inventory from the fund. GAO believes that, although the revolving fund would not substantially change clearinghouse operations and procedures, it could be an appropriate funding mechanism to finance clearinghouse operations. However, stricter controls would be needed on the fund because the proposed legislation does not provide for congressional oversight.
Status Legend:
- Review Pending
- Open
- Closed - implemented
- Closed - not implemented
Matter for Congressional Consideration
Matter: H.R. 2514 and S. 808 should be amended to increase congressional oversight over clearinghouse operations.
Status: Closed - Not Implemented
Comments: Congress did not enact H.R. 2514 or S. 808 during the 98th Congress. The House Committee on Energy and Commerce remains opposed to the legislation, and thus, NTIS does not plan to seek reintroduction of the legislation in the forseeable future.
Jul 9, 2014
Improper Payments:
Government-Wide Estimates and Reduction StrategiesGAO-14-737T: Published: Jul 9, 2014. Publicly Released: Jul 9, 2014.
Jun 19, 2014
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Management Report:
Improvements Needed in Controls over the Processes Used to Prepare the U.S. Consolidated Financial StatementsGAO-14-543: Published: Jun 19, 2014. Publicly Released: Jun 19, 2014.
May 30, 2014
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DOD Financial Management:
Improvements Needed in Army's Efforts to Ensure the Reliability of Its Statement of Budgetary ResourcesGAO-14-60: Published: May 30, 2014. Publicly Released: May 30, 2014.
May 15, 2014
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Financial Audit:
Congressional Award Foundation's Fiscal Years 2013 and 2012 Financial StatementsGAO-14-540: Published: May 15, 2014. Publicly Released: May 15, 2014.
May 13, 2014
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DOD Financial Management:
Effect of Continuing Weaknesses on Management and Operations and Status of Key ChallengesGAO-14-576T: Published: May 13, 2014. Publicly Released: May 13, 2014. -
DOD Financial Management:
Actions Under Way Need to Be Successfully Completed to Address Long-standing Funds Control WeaknessesGAO-14-94: Published: Apr 29, 2014. Publicly Released: May 13, 2014.
May 12, 2014
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Management Report:
Improvements Needed in SEC's Internal Controls and Accounting ProceduresGAO-14-416R: Published: May 12, 2014. Publicly Released: May 12, 2014.
May 2, 2014
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Management Report:
Improvements Needed in CFPB's Internal Controls and Accounting ProceduresGAO-14-455R: Published: May 2, 2014. Publicly Released: May 2, 2014.
Mar 27, 2014
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Patient-Centered Outcomes Research Institute:
Review of the Audit of the Financial Statements for 2013 and 2012GAO-14-415R: Published: Mar 27, 2014. Publicly Released: Mar 27, 2014.
Mar 13, 2014
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Financial Audit:
Federal Deposit Insurance Corporation Funds' 2013 and 2012 Financial StatementsGAO-14-303: Published: Mar 13, 2014. Publicly Released: Mar 13, 2014.
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