Skip to main content

GAO High-Risk Program

AIMD-94-72R Published: Jan 27, 1994. Publicly Released: Jan 27, 1994.
Jump To:
Skip to Highlights

Highlights

GAO provided updated information on its high risk program, focusing on: (1) lending and insuring issues; (2) contracting issues; and (3) accountability issues. GAO noted that: (1) although the Department of Housing and Urban Development (HUD) has made efforts to address program management problems, billions of dollars are at risk because of organizational, systems, and staffing problems; (2) inadequate information and financial management systems make it more difficult for HUD to establish adequate internal controls; (3) public housing programs are at risk because of high vacancy rates, weak internal controls, and ineffective management; and (4) HUD consolidation of regional and field offices is expected to increase accountability by giving headquarters staff control over field resources.

Full Report

Office of Public Affairs

Topics

AccountabilityFederal agency reorganizationFinancial management systemsFraudGovernment guaranteed loansHousing programsInternal controlsManagement information systemsMedicareProgram abusesRisk management