Financial management (71 - 80 of 567 items)
Federal Funds: Fiscal Year 2001 Expenditures by Selected Organizations Involved in Health-Related Activities
GAO-03-527R: Published: May 16, 2003. Publicly Released: May 16, 2003.
This report responds to a Congressional request that we provide information on expenditures of federal funds by several organizations and their affiliates--the Planned Parenthood Federation of America, the Population Council, the International Planned Parenthood Federation, The Alan Guttmacher Institute, Advocates for Youth, and the Sexuality Information and Education Council of the United States...
Maritime Administration: Weaknesses Identified in Management of the Title XI Loan Guarantee Program
GAO-03-728T: Published: May 15, 2003. Publicly Released: May 15, 2003.
Title XI of the Merchant Marine Act of 1936, as amended, is intended to help promote growth and modernization of the U.S. merchant marine and U.S. shipyards by enabling owners of eligible vessels and shipyards to obtain financing at attractive terms. The program has guaranteed more than $5.6 billion in ship construction and shipyard modernization costs since 1993, but has experienced several large...
Transportation Research: Actions Needed to Improve Coordination and Evaluation of Research
GAO-03-500: Published: May 1, 2003. Publicly Released: May 1, 2003.
The Research and Special Programs Administration (RSPA) within the Department of Transportation (DOT) is responsible for coordinating and ensuring the evaluation of DOT research programs to promote the efficient use of departmental research funds, which in fiscal year 2002 totaled over $1 billion. RSPA is also responsible for conducting multimodal research that cuts across different modes of trans...
Federal Assistance: Grant System Continues to Be Highly Fragmented
GAO-03-718T: Published: Apr 29, 2003. Publicly Released: Apr 29, 2003.
The Federal Financial Assistance Management Improvement Act of 1999 is one of the most recent in a series of efforts to reform the federal grants management system. The act seeks to improve the effectiveness and performance of Federal financial assistance programs; simplify application and reporting requirements; improve delivery of services to the public; and facilitate greater coordination among...
Corps of Engineers: Effects of Restrictions on Corps' Hopper Dredges Should Be Comprehensively Analyzed
GAO-03-382: Published: Mar 31, 2003. Publicly Released: Mar 31, 2003.
The fiscal year 2002 Conference Report for the Energy and Water Development Appropriations Act directed GAO to study the benefits and effects of the U.S. Army Corps of Engineers' (Corps) dredge fleet. GAO examined the characteristics and changing roles of the Corps and industry in hopper dredging; the effect of current restrictions on the Corps' hopper dredge fleet; and whether existing and propos...
Investment Banks: The Role of Firms and Their Analysts with Enron and Global Crossing
GAO-03-511: Published: Mar 17, 2003. Publicly Released: Mar 17, 2003.
In the wake of a series of recent corporate scandals and bankruptcies, the Sarbanes-Oxley Act mandated that GAO study the involvement of investment banks with two companies, Enron and Global Crossing. In this report, the term "investment bank" includes not only securities firms but also those bank holding companies with securities affiliated or business divisions that assist clients in obtaining f...
Civil Penalties: Agencies Unable to Fully Adjust Penalties for Inflation Under Current Law
GAO-03-409: Published: Mar 14, 2003. Publicly Released: Mar 14, 2003.
Civil penalties are an important element of regulatory enforcement, allowing agencies to punish violators appropriately and to serve as a deterrent to future violations. In 1996, Congress enacted the Inflation Adjustment Act to require agencies to adjust certain penalties for inflation. GAO assessed federal agencies' compliance with the act and whether provisions in the act have prevented agencies...
Major Management Challenges and Program Risks: Department of Justice
GAO-03-105: Published: Jan 1, 2003. Publicly Released: Jan 1, 2003.
In its 2001 performance and accountability report on the Department of Justice, GAO identified five major management challenges. Justice has since made progress on (1) developing measurable performance targets in reducing illegal drugs and (2) improving management of its asset forfeiture program. However, three challenges remain and a fourth managing the FBI's transformation was added. GAO prepare...
Financial Statement Restatements: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges
GAO-03-138: Published: Oct 4, 2002. Publicly Released: Oct 23, 2002.
A number of well-publicized announcements about financial statement restatements by large, well-known public companies have erased billions of dollars of previously reported earnings and raised questions about the credibility of accounting practices and the quality of corporate financial disclosure and oversight in the United States. Industry officials and academics have speculated that several fa...
Private Pensions: Participants Need Information on the Risks of Investing in Employer Securities and the Benefits of Diversification
GAO-02-943: Published: Sep 6, 2002. Publicly Released: Oct 7, 2002.
The financial collapse of large firms and the effects on workers and retirees has raised questions about retirement funds being invested in employer securities and the laws governing such investments. Pensions are important source of income of many retirees, and the federal government has encouraged employers to sponsor and maintain pension and savings plans for their employees. The continued grow...