Government Management--Report on 17 High-Risk Areas

T-OCG-93-2: Published: Jan 8, 1993. Publicly Released: Jan 8, 1993.

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GAO discussed its high-risk series of reports, focusing on management problems and needed corrective action in the issue areas of: (1) lending and insuring; (2) contracting; and (3) accountability. GAO noted that: (1) six federal insurance, guarantee, and lending programs are highly vulnerable to fraud, waste, abuse, and mismanagement due to poor oversight, structural inefficiencies, reliance on others to perform key program activities, lack of financial and management controls, and congressionally imposed constraints; (2) five programs and activities involving contracting continue to suffer management problems due to organizational culture, poor oversight, inadequate data on contractor/provider operations, and restrictive contract provisions; (3) six federal programs and activities have accountability problems due to the lack of accurate and timely financial and other necessary management information, and agency practices permitting or condoning inefficient and ineffective program operations; (4) some agencies are recognizing problems and taking corrective actions to eliminate or mitigate them; and (5) beyond the 17 high risk areas discussed, problems in financial management, information management, and general management are pervasive throughout the government.

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