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Many reports are issued periodically and take a long view of U.S. agencies' operations. [citation needed] The GAO also produces annual reports on key issues [17] such as Duplication and Cost savings [18] and High-Risk Update. [19] The GAO prepares some 900 reports annually. [20] The GAO publishes reports and information relating to, inter alia:
Website www .gao .gov /about /comptroller-general / The comptroller general of the United States is the director of the Government Accountability Office (GAO, formerly known as the General Accounting Office), a legislative-branch agency established by Congress in 1921 to ensure the fiscal and managerial accountability of the federal government.
The GAO's Fiscal Year 2016 annual budget was $555 million, with "Measurable financial benefits from GAO work: $63.4 billion--a return of about $112 on every dollar invested in GAO." [12] In contrast, GAO reports show that the Defense Department's 2,200 overlapping financial systems cost $18 billion a year to operate. [5]
Contents of the issues are within the scope of the GAO web site search Archived January 2, 2009, at the Wayback Machine as of January 2009. № 1, Spring 1988, GAO Report #135522
The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence; Due care
The GAO concluded that pressure from outside groups creates a hostile work environment in which audit reports are falsified to appease contractors. [21] In response to the GAO report, Senator Joe Lieberman said, "Perhaps it's time for us to consider separating DCAA from the Department of Defense and … making it an independent auditing agency ...
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Agencies must prepare annual performance reports that review the agency's success or failure in meeting its targeted performance goals. The performance goals must cover each program activity made in the agency budget. [1] The Office of Management and Budget (OMB) is tasked pursuant to the GPRA with producing an annual report on agency ...