FHA Internal Controls
RCED-92-227R: Published: Sep 30, 1992. Publicly Released: Oct 28, 1992.
Additional Materials:
- Full Report:
Contact:
Pursuant to a congressional request, GAO reviewed two internal control reports issued in 1991 on the Federal Housing Administration's (FHA) single- and multifamily housing loan insurance programs, focusing on materially significant financial and management internal control weaknesses reported for the first time. GAO found that: (1) an independent accounting firm identified 206 internal control weaknesses in both FHA programs, 29 percent being newly reported; (2) the accounting firm considered 11 of 147 previously reported weaknesses and 8 of 59 newly reported weaknesses to be materially significant; (3) the single family program had 133 reported weaknesses, 34 being new, which mainly affected mortgage premium and insurance claims processing, mortgage note servicing, and property disposition; (4) the multifamily program had 73 weaknesses, 25 being new, affecting mainly property disposition, mortgage premium processing and distribution, mortgage note servicing, and project monitoring; and (5) FHA generally agreed with the findings, and has taken actions, such as developing a comprehensive risk-based internal control system, to correct all the reported material weaknesses, but it is too early to tell if the improvements have been effective.
Jan 19, 2021
-
Federal Rulemaking:
Selected EPA and HHS Regulatory Analyses Met Several Best Practices, but CMS Should Take Steps to Strengthen Its AnalysesGAO-21-151: Published: Dec 17, 2020. Publicly Released: Jan 19, 2021.
Jan 13, 2021
-
Department of Energy Contracting:
Improvements Needed to Ensure DOE Assesses Its Full Range of Contracting Fraud RisksGAO-21-44: Published: Jan 13, 2021. Publicly Released: Jan 13, 2021.
Dec 16, 2020
-
Data Governance:
Agencies Made Progress in Establishing Governance, but Need to Address Key MilestonesGAO-21-152: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 9, 2020
-
2020 Census:
The Bureau Concluded Field Work but Uncertainty about Data Quality, Accuracy, and Protection RemainsGAO-21-206R: Published: Dec 9, 2020. Publicly Released: Dec 9, 2020.
Dec 3, 2020
-
2020 Census:
Census Bureau Needs to Assess Data Quality Concerns Stemming from Recent Design ChangesGAO-21-142: Published: Dec 3, 2020. Publicly Released: Dec 3, 2020. -
2020 Census:
Census Bureau Needs to Ensure Transparency over Data QualityGAO-21-262T: Published: Dec 3, 2020. Publicly Released: Dec 3, 2020.
Nov 30, 2020
-
Federal Buying Power:
OMB Can Further Advance Category Management Initiative by Focusing on Requirements, Data, and TrainingGAO-21-40: Published: Nov 30, 2020. Publicly Released: Nov 30, 2020.
Nov 24, 2020
-
Disaster Response:
Agencies Should Assess Contracting Workforce Needs and Purchase Card Fraud RiskGAO-21-42: Published: Nov 24, 2020. Publicly Released: Nov 24, 2020.
Nov 23, 2020
-
Federal Contracting:
Actions Needed to Improve Department of Labor's Enforcement of Service Worker Wage ProtectionsGAO-21-11: Published: Oct 29, 2020. Publicly Released: Nov 23, 2020.
Nov 18, 2020
-
Federal Telework:
Key Practices That Can Help Ensure the Success of Telework ProgramsGAO-21-238T: Published: Nov 18, 2020. Publicly Released: Nov 18, 2020.
Looking for more? Browse all our products here