Financial management (1 - 3 of 3 items) in Past Year
Financial Audit: Federal Housing Finance Agency's Fiscal Years 2016 and 2015 Financial Statements
GAO-17-139R: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
GAO found (1) the Federal Housing Finance Agency's (FHFA) financial statements as of and for the fiscal years ended September 30, 2016, and 2015, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) FHFA maintained, in all material respects, effective internal control over financial reporting as of September 30, 2016; and (3) no repo...
Department of Housing and Urban Development: Actions Needed to Incorporate Key Practices into Management Functions and Program Oversight
GAO-16-497: Published: Jul 20, 2016. Publicly Released: Aug 19, 2016.
The Department of Housing and Urban Development (HUD) has struggled to resolve persistent management challenges, in part because it has not consistently incorporated requirements and key practices identified by GAO to help ensure effective management into its operations. In addition, HUD's past remedial actions were not always effective because they were not sustained. Turnover among senior leader...
Financial Management Systems: HUD Needs to Address Management and Governance Weaknesses That Jeopardize Its Modernization Efforts
GAO-16-656: Published: Jul 28, 2016. Publicly Released: Jul 28, 2016.
In October 2015, as part of its planned New Core financial management systems modernization efforts, the Department of Housing and Urban Development (HUD) completed transitioning 4 of 14 capabilities to shared service solutions. The implemented capabilities were for managing employee travel and relocation; recording time and attendance; performing core accounting functions such as general ledger a...