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Browsing Publications by Date (1 - 10 of 13 items) in Past Week
Released on November 15, 2019
Financial Audit: Bureau of Consumer Financial Protection’s FY 2019 and FY 2018 Financial Statements
GAO-20-192R: Published: Nov 15, 2019. Publicly Released: Nov 15, 2019.
Which agency looks out for your financial interests? Where do you turn to improve your financial education? The Bureau of Consumer Financial Protection works to ensure banks, lenders, and other financial companies treat citizens fairly, and to enhance financial education. We audit the Bureau’s financial statements each year and issue an opinion on them, as well as on the effectiveness of the B...
Financial Audit: Securities and Exchange Commission’s FY 2019 and FY 2018 Financial Statements[back to top]
GAO-20-204R: Published: Nov 15, 2019. Publicly Released: Nov 15, 2019.
The Securities and Exchange Commission enforces securities laws that protect investors. The SEC reported assessing $1.3 billion in penalties and damages for securities law violations in FY 2019. Some of that goes to the Investor Protection Fund—which rewards whistleblowers and supports investor education. Each year, we audit and issue an opinion on the financial statements of SEC and its Fund,...
Released on November 14, 2019
Certificated Expenditures: Executive Office of the President FY 2018 Certificated Expenditures Were Spent for Authorized Purposes
GAO-20-139R: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
The President and Vice President of the United States are legally allowed to spend funds for certain specified purposes (e.g., official travel, residential maintenance, entertainment) and account for them solely with their official certificates. We examined these “certificated expenditures” for FY 2018 and determined that they were spent for the purposes authorized under the relevant law...
Generic Drug Development: Stakeholders' Views of Risk Evaluation and Mitigation Strategies Differ
GAO-20-94: Published: Oct 15, 2019. Publicly Released: Nov 14, 2019.
The Food and Drug Administration can require drug companies to establish risk-reduction strategies for drugs with serious safety concerns to help ensure their benefits outweigh their risks. For example, a company’s strategy may include restricting a drug’s distribution to prescribers with special training. Some strategies like these have been used to keep drugs out of the hands of companies l...
Information Security: VA and Other Federal Agencies Need to Address Significant Challenges
GAO-20-256T: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
In providing health care and other benefits to veterans, the VA relies extensively on its IT systems and networks to maintain sensitive data—such as veterans’ medical records. However, we testified that the VA (like many other federal agencies) continues to face several IT security challenges as it secures and modernizes its systems. These challenges include: Effectively safeguarding its se...
Medicare Hospice Care: Opportunities Exist to Strengthen CMS Oversight of Hospice Providers
GAO-20-10: Published: Oct 18, 2019. Publicly Released: Nov 14, 2019.
Medicare pays for hospice care—pain and symptom management—for beneficiaries with terminal illness and a life expectancy of 6 months or less. The Centers for Medicare & Medicaid Services works with surveyors to inspect hospices to ensure compliance with federal health and safety standards. CMS also collects data on the quality of hospice care—like the number of hospice staff visits in the l...
Navy Readiness: Actions Needed to Evaluate the Effectiveness of Changes to Surface Warfare Officer Training
GAO-20-154: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
NAVY READINESS: Actions Needed to Evaluate the Effectiveness of Changes to Surface Warfare Officer Training Following ship collisions in 2017 that resulted in the loss of 17 sailors’ lives and significant damage to Navy ships, the Navy has added classroom and simulator training for the Surface Warfare Officers who drive these ships. The Navy plans to triple ship-driving training hours by 2021. ...
Nursing Homes: Better Oversight Needed to Protect Residents from Abuse[back to top]
GAO-20-259T: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
To protect vulnerable nursing home residents from abuse, the Centers for Medicare & Medicaid Services (CMS) contracts with state agencies—known as survey agencies—that can cite nursing homes for incidents of abuse. Our June 2019 report found that, while abuse in nursing homes is often underreported, abuse citations more than doubled from 2013-2017. We also found gaps in CMS’s oversight that...
Released on November 13, 2019
Emergency Transportation Relief: Federal Transit Administration and FEMA Took Actions to Coordinate, but Steps Are Needed to Address Risk of Duplicate Funding
GAO-20-85: Published: Nov 13, 2019. Publicly Released: Nov 13, 2019.
The 2017 hurricanes—Harvey, Irma, and Maria—caused hundreds of millions of dollars in damages to public transit facilities in Texas, Florida, the U.S. Virgin Islands, and Puerto Rico. In response, the Federal Transit Administration said it would provide $233 million in relief to 52 local transit agencies. Transit agencies can apply to FTA or the Federal Emergency Management Agency for funding...
F-35 Aircraft Sustainment: DOD Faces Challenges in Sustaining a Growing Fleet[back to top]
GAO-20-234T: Published: Nov 13, 2019. Publicly Released: Nov 13, 2019.
The F-35 fighter plays a key role in U.S. defense strategy. As of October, the United States and international partners had fielded more than 435 of an expected 3,300 aircraft. We testified that DOD faces challenges keeping the growing fleet ready to perform its mission, largely due to insufficient planning. Challenges include Spare parts shortages: F-35s were unable to fly about 30% of the time...