Alleged Abuses in the U.S. Savings Bond Division of the Department of the Treasury
AFMD-82-70
Published: Jun 26, 1982. Publicly Released: Aug 25, 1982.
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Highlights
GAO was requested to review allegations of abuses in the Department of the Treasury's Savings Bond Division that were made by a former bond salesperson. Specifically, GAO was asked to obtain information about: (1) the Treasury's Office of the Inspector General's approach to identify the salespeople who have submitted falsified reports; and (2) the system used to measure a salesperson's performance.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of the Treasury | The Secretary of the Treasury should implement the alternative found to be the most cost effective. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Department of the Treasury | The Secretary of the Treasury should study alternatives that would provide better control over the salesforce's activities (if Congress continues funding them), including implementation of a productivity measurement system and the expansion of procedures to check accuracy of work reports. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Department of the Treasury | The Secretary of the Treasury should provide Congress with specifics on benefits that will result from continuing the promotional efforts. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
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Topics
FraudPerformance appraisalPersonnel managementSalesSales promotionSecurities fraudTravel costsUS savings bondsInterest ratesPerformance measurement