FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Based on the limited procedures GAO performed to review the performance of the independent public accountant’s (IPA) audit of the Congressional Award Foundation’s financial statements for fiscal year 2025, GAO did not identify any significant issues it believes require attention. Had GAO performed additional procedures, other matters related to the performance of the audit might have come to its attention that it would have reported. The IPA provided an unmodified audit opinion on the Foundation’s financial statements for fiscal years 2025 and 2024. Specifically, the IPA found that the Foundation’s financial statements were presented fairly, in all material respects, in accor.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The Export-Import Bank of the United States’ (EXIM) loan guarantee transactions are approved by EXIM’s Board of Directors, staff with individual delegated authority, or delegated authority lenders. The underwriting process for loan guarantee transactions approved by EXIM includes several steps, such as screening applications for completeness, reviewing for minimal eligibility requirements, and performing due diligence to assess transactions’ risks. Selected Underwriting Processes EXIM Performs for Loan Guarantees EXIM followed its underwriting guidelines but has not fully leveraged available data to identify participants with delinquent federal nontax debt. By law, a person o.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Federal agencies disposed of over $10 billion of unneeded personal property from July 2023 through fiscal year 2025. Generally, when a federal agency determines it no longer needs an item of personal property to fulfill its mission, the agency must report the item to the General Services Administration (GSA) to be disposed of through GSA’s online Personal Property Management System (PPMS). The unneeded property reported within this study’s time frame varied across a range of characteristics, from new bandages originally worth under $1, to airplanes in usable condition originally worth over $20 million. GAO found that about 9 percent of this property was reused, meaning it was.
FEDE U.S. Government Accountability Office · Audits audits
This product is also designated as B-338717, Sept 15, 2026. The Economy Act provides authority for intra- and interagency transactions between agencies and major organizational units of agencies. The Act broadly applies to federal entities for the procurement of a wide variety of goods and services. However, the Economy Act does not authorize an agency to circumvent statutory limitations on its use of appropriated funds. An agency may only procure goods and services under the Economy Act that it is already authorized to procure, and Economy Act transactions must comply with the Act’s requirements, as well as general appropriations law principles, such as the purpose statute, the bona fide n.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Each year, the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) insures billions of dollars in mortgages for multifamily properties through a variety of programs. HUD’s section 542(c) program provides FHA insurance for loans on affordable multifamily properties that are originated, underwritten, and serviced by housing finance agencies (HFA). The program is also known as the risk-sharing program because HUD and HFAs share the risk of loss on the loans. From fiscal years 2016 through 2025, HFAs underwrote over $12 billion (adjusted for inflation) in FHA-insured multifamily loans under the program. These loans helped finance 776 projects..
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Under federal law, insurance plans offered in health insurance exchanges—known as qualified health plans (QHP)—may cover abortion services consistent with federal and state laws. Based on federal law applicable in 2026, QHPs are prohibited from using federal funds, such as income-based tax credits, to help pay for abortion services except where the pregnancy is the result of rape or incest, or the life of the pregnant woman would be endangered unless an abortion is performed. GAO refers to services that do not meet that exception as “non-excepted abortion services.” In 2026, federal data show 26 percent of QHPs (1,719 of 6,655) in the 50 states and District of Columbia covere.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found GAO’s review of payroll data found that federal agencies’ use of paid administrative leave increased by 435 percent from 2023 to 2025. GAO estimates federal agencies in our review spent $9.5 billion in salary costs on paid administrative leave in 2025, a sixfold increase from 2023. In 2025, the Office of Personnel Management (OPM) directed agencies to use paid administrative leave to support the deferred resignation program, which generally allowed federal employees to be placed on leave until they resigned or retired by September 30, 2025. Using program assumptions and internal time and attendance data provided by payroll service providers, GAO calculated about $6.7 billion..
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found GAO’s audit of the fiscal year 2025 consolidated financial statements of the U.S. government (CFS) identified control deficiencies in the processes the Department of the Treasury used to prepare the CFS. These control deficiencies contributed to material weaknesses in internal control that involve the federal government’s inability to adequately account for intragovernmental activity and balances between federal entities; reasonably assure that the consolidated financial statements are (1) consistent with the underlying audited entities’ financial statements, (2) properly balanced, and (3) in accordance with U.S. generally accepted accounting principles (U.S. GAAP); and reaso.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Chronic facility issues disrupted teaching and learning in schools nationwide in school year 2024-25, according to GAO’s nationwide survey of districts. GAO estimates that nearly one in five districts (19 percent) canceled school that year due to a facilities issue. These cancellations affected an estimated 2 million students, who lost an estimated 3.5 million days of learning as a result. Top reasons districts canceled school included plumbing emergencies and extreme classroom temperatures. One district GAO visited canceled school after classroom temperatures reached 110 degrees. GAO also estimates that nearly half of districts (47 percent) had chronic facility issues that o.
FEDE U.S. Government Accountability Office · Audits audits
Why GAO Did This Study From September 2026 through December 2026, GAO is seeking input and feedback on this exposure draft from all interested parties. Please use this link [email protected] to provide us with comments on the guide. Federal agencies spend billions of dollars each year buying commercially available off-the-shelf (COTS) products. When agencies want to buy a COTS product, first they need to determine whether a vendor’s product is right for them. One way that agencies assess a product is by conducting testing and evaluation (T&E). Agencies can then use the results of the T&E to inform their purchasing decisions. Prior GAO work has identified problems with how agencies con.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Federal buildings often contain special use spaces like meeting rooms and conference centers, some of which may be shared across agencies. Agencies varied in how they shared these spaces in the selected General Services Administration (GSA)-owned and -leased buildings GAO visited. Interviewees, including officials from federal tenant agencies in those selected buildings, said that sharing these spaces can provide benefits, including: access to useful spaces their agency might not otherwise have, reduced costs and more efficient use of space (e.g., agencies do not need to lease or construct individual spaces), and increased collaboration between agencies. However, interviewees.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The U.S. Department of Agriculture (USDA) has taken few actions to enhance the resilience of farms and forests to the climate-related risks of diseases and pests, and funding and staffing supporting those actions have decreased.In late 2023, USDA officials told GAO that the risks of diseases and pests had not been fully integrated into the department’s climate resilience planning at all levels and that USDA planned to do so in the future. At that time, USDA provided limited information and technical assistance on individual diseases and pests to farmers and land managers. For example, USDA’s Climate Hubs provided some support for research on the effects of climate change on s.
