Skip to main content

Auditing and Financial Management

Jump To:

Recent Reports

View More Reports

Open Recommendations

Federal Housing Finance Agency: Improvements Needed in Controls over Management Reviews and Information Systems Access
GAO-24-107219
May 09, 2024
Show
3 Open Recommendations
Agency Affected Recommendation Status
Federal Housing Finance Agency The Director of FHFA should direct the appropriate management officials to develop sufficiently detailed guidance for how FHFA personnel should review accounting information that FHFA OIG provides for inclusion in FHFA's consolidated financial statements, to detect and timely correct misstatements. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Federal Housing Finance Agency The Director of FHFA should direct the appropriate management officials to update existing policy for obtaining FPPS access to clearly describe (1) the process and procedures that staff should follow to request access, (2) the nature and extent of access rights appropriate for each employee's position, and (3) the documentation FHFA should maintain as evidence that the designated approving official granted the access. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Federal Housing Finance Agency The Director of FHFA should direct the appropriate management officials to develop monitoring procedures to reasonably assure that FHFA personnel follow existing procedures to timely remove information systems access for separated employees. (Recommendation 3)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Federal Housing Finance Agency Office of Inspector General: Improvements Needed in Review Procedures for Payroll Accounting
GAO-24-107430
May 09, 2024
Show
2 Open Recommendations
Agency Affected Recommendation Status
Federal Housing Finance Agency The FHFA Inspector General should direct the appropriate FHFA OIG management officials to develop sufficiently detailed guidance for how FHFA OIG staff should review accounting information it provides to FHFA, for inclusion in FHFA's consolidated financial statements, to prevent misstatements. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Federal Housing Finance Agency The FHFA Inspector General should direct the appropriate FHFA OIG management officials to develop monitoring procedures to reasonably assure that FHFA OIG staff are effectively reviewing the FHFA OIG quarterly reconciliations to timely identify and resolve intragovernmental differences. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Single Audits: Improving Federal Audit Clearinghouse Information and Usability Could Strengthen Federal Award Oversight
GAO-24-106173
Apr 22, 2024
Show
13 Open Recommendations
Agency Affected Recommendation Status
Congress Congress should consider amending the Single Audit Act to require the Director of OMB to initiate a government-wide single audit quality review at a regular interval, such as the 6 years that the Uniform Guidance recommends. (Matter for Consideration 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Congress Congress should consider amending the Single Audit Act to require the Director of OMB to submit a report on the findings from each government-wide single audit quality review to the appropriate committees of Congress. (Matter for Consideration 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Congress Congress should consider amending the Single Audit Act to require the federal awarding agencies to work with the Director of OMB on a government-wide single audit quality review. (Matter for Consideration 3)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
General Services Administration The Administrator of GSA should develop a process to regularly identify, analyze, and respond to FAC data reliability issues that may affect federal oversight, such as establishing edit checks to mitigate issues related to data accuracy, consistency, and completeness. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
General Services Administration The Administrator of GSA should, in coordination with federal agencies and professional audit organizations, identify and prioritize features to enhance the usefulness of FAC data for federal oversight in accordance with federal data standards. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
General Services Administration The Administrator of GSA should, in coordination with federal agencies, develop proposed funding and timelines for implementing the identified and prioritized features to enhance the usefulness of FAC data for federal oversight through interagency agreements or other methods. (Recommendation 3)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Bureau of Indian Education: Improved Oversight of Schools' COVID-19 Spending is Needed
GAO-24-105451
Mar 27, 2024
Show
4 Open Recommendations
Agency Affected Recommendation Status
Bureau of Indian Education The Director of BIE should establish controls to ensure that staff consistently follow agency standard procedures when schools and other BIE grantees do not submit timely single audit reports. (Recommendation 1)
Open
BIE agreed with this recommendation. The agency plans to review controls to ensure staff consistently follow agency standard procedures when BIE grantees do not submit single audit reports in a timely way. We will monitor the agency's efforts to implement this recommendation.
Bureau of Indian Education The Director of BIE should establish controls to ensure staff document their monitoring of high-risk schools' COVID spending and consistently report whether schools followed agency requirements for using these funds. (Recommendation 2)
Open
BIE agreed with this recommendation and stated that it began taking steps to address it. Specifically, BIE is updating the school monitoring checklist and initiating the process to revise the monitoring handbook to reflect COVID spending. BIE officials said they plan to take additional steps-such as informing staff of these changes and reporting to schools the results of monitoring COVID spending-and they anticipate implementing this recommendation by August 2024. We are encouraged by these initial steps and will monitor the agency's progress in completing them.
Bureau of Indian Education The Director of BIE should update its strategic workforce plan to build its capacity to conduct all annual fiscal reviews of schools that are designated as high risk, as required by its policy. (Recommendation 3)
Open
BIE agreed with this recommendation and identified actions it has begun taking to address it. For example, BIE is undertaking efforts to research, draft and implement a comprehensive Strategic Workforce Plan that will include its fiscal workforce review. They expect to complete the Plan by September 2025. We will monitor BIE's actions to complete this effort.
Bureau of Indian Education The Director of BIE should work with BIA to establish controls to ensure that BIE staff responsible for monitoring purchase card activity at BIE-operated schools consistently use Interior's required monitoring tool and procedures. (Recommendation 4)
Open
BIE agreed with this recommendation and stated that BIA's Office of the Chief Financial Officer, with BIE staff input, is implementing significant revisions to the Purchase Card Program Policies. The revised policies require an online monthly statement review and approval process. The on-line system provides reports for monitoring and oversight of purchase card activity. As BIA improves these policies, BIE will ensure its continued compliance with Interior and BIA policies. We will monitor BIE's efforts to address this recommendation.
View More Recommendations

Related Pages