Financial Management:

Status of BIA's Efforts to Resolve Long-Standing Trust Fund Management Problems

T-AFMD-92-16: Published: Aug 12, 1992. Publicly Released: Aug 12, 1992.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the Bureau of Indian Affairs' (BIA) management of the Indian Trust Funds. GAO noted that: (1) BIA has had difficulty in fulfilling its fiduciary responsibility to ensure that proper control and accountability are maintained over each trust fund account; (2) the Office of Management and Budget (OMB) has placed BIA trust fund accounting on its high-risk list; (3) BIA trust fund management problems are internal and include poorly designed accounting systems, weak internal controls, and untrained staff; (4) the internal weaknesses have prevented BIA from reconciling trust fund accounts and providing statements to account holders; (5) trust fund management problems and needed corrective actions are documented and fully acknowledged by BIA; (6) BIA has initiated various corrective actions, but the same problems continue to arise; and (7) BIA is working on a comprehensive plan to improve trust fund management, but a strategic plan would serve to document the overall approach and actions to be taken.

Nov 16, 2020

Nov 10, 2020

Nov 9, 2020

Nov 6, 2020

Oct 13, 2020

Sep 30, 2020

Sep 9, 2020

Looking for more? Browse all our products here