GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
This letter provides GAO's response to the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board's (ASB) Proposed Statement on Quality Management Standards – Quality Management: A Firm's System of Quality Management (SQMS No.
What GAO Found Economic Injury Disaster Loan (EIDL) applicants and recipients varied in terms of business size, years in operation, and industry, based on GAO's analysis of Small Business Administration (SBA) data from March 2020 through February 2021: Business size.
What GAO Found Federal economic development programs and state business incentives approach economic development in different ways. In GAO's review of six large state business incentive packages ($50 million or more) in four states, federal economic development program funds were not directly used.
What GAO Found The mandatory purchase requirement mandates flood insurance for certain high-risk properties and was established to increase the number of households with flood insurance. Lenders must verify that certain properties have flood insurance.
What GAO Found The Department of Defense (DOD) has been unable to comprehensively identify private security contractor (PSC) contracts and personnel supporting contingency, humanitarian, peace-keeping, or other similar operations, limiting DOD's ability to readily and accurately identify the use of PSCs....
What GAO Found Between 2011 and 2020, the Department of Defense (DOD) designated three installations as remote or isolated in the United States for morale, welfare, and recreation (MWR) services (e.g., fitness centers and child care centers).
What GAO Found The Federal Bureau of Prisons (BOP) has developed COVID-19 guidance, with input in part from the Centers for Disease Control and Prevention, and periodically updates this guidance, but some BOP staff reported to GAO confusion in how to implement BOP's guidance.
What GAO Found As of May 31, 2021, agencies obligated $61.4 billion for contracts in response to the COVID-19 pandemic. Agencies cancelled $4 billion in obligations, in some cases due to contract terminations.
What GAO Found The Small Business Administration (SBA) quickly implemented the Paycheck Protection Program (PPP) in April 2020 to assist small businesses adversely affected by COVID-19. But SBA's initial limited program safeguards resulted in improper payments and fraud risks.