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Open Recommendations

Securities and Exchange Commission: Employee Views of Personnel Management Improved, but Action Needed on Measuring Diversity and Inclusion Goals
GAO-23-105459
Dec 22, 2022
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1 Open Recommendations
Agency Affected Recommendation Status
United States Securities and Exchange Commission The Director of SEC's Office of Minority and Women Inclusion should ensure that performance measures for SEC's diversity and inclusion strategic plan for fiscal years 2023–2026 align with the plan's goals and are clear, measurable, objective, and reliable. (Recommendation 1)
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When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Securities and Exchange Commission: Additional Guidance Needed for Assessing Staff Procedures
GAO-23-105465
Nov 18, 2022
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3 Open Recommendations
Agency Affected Recommendation Status
United States Securities and Exchange Commission The Director of the Division of Enforcement should ensure that the division's memorandum regarding certification under section 961 of the Dodd-Frank Act include a summary of the work performed for and results of the assessment of the effectiveness of staff procedures. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
United States Securities and Exchange Commission The 961 Working Group should revise its Reference Guide for Compliance with Section 961 of the Dodd-Frank Act to include guidance on using program data to help assess the effectiveness of staff procedures. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
United States Securities and Exchange Commission The 961 Working Group should revise its Reference Guide for Compliance with Section 961 of the Dodd-Frank Act to require the relevant divisions and office to include in their written plans for assessing the effectiveness of staff procedures a requirement that they review their program manuals on a periodic and comprehensive basis. (Recommendation 3)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Bank Supervision: Lessons Learned from Remote Supervision during Pandemic Could Inform Future Disruptions
GAO-22-104659
Sep 08, 2022
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2 Open Recommendations
Agency Affected Recommendation Status
Federal Reserve System The Federal Reserve's Chief Operating Officer should develop and document specific action steps and time frames for completing the components of the Federal Reserve's enterprise risk management framework related to identifying and assessing risks to its supervisory mission, such as those caused by the COVID-19 pandemic. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Office of the Comptroller of the Currency OCC's Senior Deputy Comptrollers of Large Bank Supervision and Mid-Size and Community Bank Supervision should review potential lessons learned related to how OCC managed adjustments to supervisory activities during the COVID-19 pandemic. This review should include collection and analysis of information to identify aspects of fully remote examinations that worked well and areas for improvement. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Bank Secrecy Act: Action Needed to Improve DOJ Statistics on Use of Reports on Suspicious Financial Transactions
GAO-22-105242
Aug 25, 2022
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2 Open Recommendations
Agency Affected Recommendation Status
Department of Justice DOJ's Chief Information Officer, Chief Evaluation Officer and Chief Statistical Official should incorporate data on the use of BSA reports into their ongoing efforts to improve DOJ's data collection and infrastructure to determine if there are ways DOJ component agencies that use BSA reports could more consistently collect data described in NDAA section 6201. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
Department of Justice The Chief of MLARS should collaborate with DOJ's Chief Information Officer and Statistical Official in producing future section 6201 reports, and use their expertise to help ensure a rigorous methodology for report design and analyses. (Recommendation 2)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
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