What GAO Found Congress and executive agencies have made substantial progress addressing high-risk issues since the previous High-Risk List update in 2021. Sixteen of 34 high-risk areas improved since 2021. This is the most progress in the 8 years since GAO started rating high-risk areas. Two of the...
What GAO Found Risky business strategies along with weak liquidity and risk management contributed to the recent failures of Silicon Valley Bank and Signature Bank. In both banks, rapid growth was an indicator of risk. In 2019–2021, the total assets of Silicon Valley Bank and Signature Bank grew by...
What GAO Found The Department of Defense (DOD) is currently developing directed energy weapons with the goal of defeating a range of threats, including drones and missiles. However, GAO found that, even as DOD makes progress developing these capabilities, its efforts to transition prototypes to acquisition...
What GAO Found Flight cancellation rates in the last 6 months of 2021 outpaced 2018 and 2019 rates despite 14 percent fewer scheduled flights, according to GAO's analysis of data from the Department of Transportation (DOT). Increased cancellation rates continued through April 2022, the most recent data...
What GAO Found The Department of Defense's (DOD) response to evolving threats is increasingly determined by its ability to rapidly develop and deploy systems that heavily rely on software, such as weapons or information technology (IT) systems. DOD has taken many steps in the past few years to modernize...
What GAO Found Under its International Port Security Program, the Coast Guard has assessed the security of foreign maritime ports. Since 2014, the Coast Guard generally met its triennial foreign port security assessment requirement before the COVID-19 pandemic led it to suspend its country assessment...
What GAO Found U.S. agencies reported providing at least $48 million in obligations for various purposes to entities located in China from fiscal years 2017 through 2021. Of this amount, agencies obligated about $22.8 million through assistance awards and about $25.2 million through contracts. For example,...
What GAO Found Army and Air National Guard reported 298 helicopter accidents during non-combat flight operations from fiscal years 2012 through 2021. Approximately 45 of those were considered serious helicopter accidents in that they involved death, permanent disability, extensive hospitalization, property...
What GAO Found GAO's prior work has highlighted five areas in which federal agencies need to take additional actions to help ensure they are effectively managing fraud risks, consistent with leading practices in GAO's A Framework for Managing Fraud Risks in Federal Programs (Fraud Risk Framework). GAO...
What GAO Found Electronic health information exchange is the ability to exchange medical records and other health information electronically among health care providers and between health care providers and patients. The Health Information Technology for Economic and Clinical Health (HITECH) Act provided...