Improvements Needed in the Enforcement of Crude Oil Reseller Price Controls
EMD-79-57: Published: May 29, 1979. Publicly Released: May 29, 1979.
Additional Materials:
- Full Report:
Contact:
A review was made of the government's handling of crude oil reseller cases involving probable violations of federal price control regulations.
The Department of Energy (DOE) and its predecessor agencies have not adequately enforced crude oil resellers' compliance with legislative requirements. Key issues involving the interpretation of pricing regulations have not been resolved, hindering effective auditing. Despite recently improved coordination with the Department of Justice in the handling of criminal cases, DOE still does not draw sufficiently on Justice's expertise at key decision points, and needs to put its operating arrangements with Justice in writing. Adequate priority has not been given to pricing audits, and DOE does not appear to be committing adequate resources to ensure the quality of individual audits and the adequacy of overall audit coverage. Excess time spent by auditors and investigators in establishing the willfulness of violations, going beyond the point at which cases could have been referred to Justice, has limited coverage and could jeopardize Federal prosecution of some violations due to statutory limitations.
Feb 18, 2021
-
Financial Audit:
Federal Deposit Insurance Corporation Funds' 2020 and 2019 Financial StatementsGAO-21-284R: Published: Feb 18, 2021. Publicly Released: Feb 18, 2021.
Nov 16, 2020
-
Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
-
Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
-
Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
-
FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
-
DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
-
Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Looking for more? Browse all our products here