FEDE U.S. Government Accountability Office · Audits audits
What GAO Found In 2014, the Financial Crimes Enforcement Network (FinCEN)—a federal agency that helps combat financial crimes—issued guidance on how financial institutions can serve cannabis-related businesses (CRB) while complying with Bank Secrecy Act (BSA) requirements. This guidance instructs institutions to gather thorough information on CRB customers and file suspicious activity reports for certain transactions involving CRBs. Federal banking regulators help oversee institutions’ compliance with these requirements through BSA examinations. Financial institutions consider various factors when deciding whether to serve CRBs, according to GAO’s focus groups and interviews. Factors dissua.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found In April 2025, GAO identified 13 priority recommendations for the Department of State. Since then, State has implemented six of those recommendations, and GAO removed the priority status from two recommendations. In September 2026, GAO identified an additional four priority recommendations, bringing the total to nine. GAO is highlighting the following two areas that warrant timely and focused attention: Managing fraud risks, and Strengthening oversight of U.S. security assistance. Addressing GAO’s recommendations in these areas would help determine whether Ukraine used direct budget support funding as intended and support Congressional oversight of U.S. security assistance. T.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The Department of Defense (DOD) has not recently met statutory requirements to review and report on the efficiency and effectiveness of its defense agencies and DOD field activities (DAFA). Between April 2023 and September 2024, DOD conducted a review of four DAFAs. However, the department did not finalize the reports based on its reviews or submit the reports to Congress as required. DOD did not have formalized guidance, such as an instruction, in place when conducting these four DAFA reviews. In May 2026, DOD issued a memorandum for future DAFA reviews that includes responsibilities and deadlines. While this is a positive step, DOD previously issued a memorandum for this ef.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Congress and the Securities and Exchange Commission (SEC) require public companies to disclose information that investors would find important when making investment decisions. Disclosures include an annual audited financial statement and a description of risk factors and financial performance. Accounting firms that audit public companies must register with the nonprofit Public Company Accounting Oversight Board (PCAOB), which Congress created in 2002 to focus on audit quality. Certain auditor responsibilities—such as evaluating a company’s accounting estimates and ability to continue as a going concern—can be particularly challenging in bank audits, according to PCAOB staff,.
CABI Office of the Federal Register / National Archives and Records Administration · Rulemaking audits
Transportation Department, Federal Highway Administration, Federal Railroad Administration, Federal Transit Administration | Rule | FHWA, FRA, and FTA (collectively referred to as the "Agencies") are finalizing the interim final rule (IFR) published on July 3, 2025, which revised the Agencies' National Environmental Policy Act (NEPA) of 1969 implementing regulations in light of the removal of the Council on Environmental Quality (CEQ) regulations, the amendments to NEPA included in the section of the Fiscal Responsibility Act (FR Act) of 2023, known as the Building United States Infrastructure through Limited Delays and Efficient Reviews (BUILDER) Act of 2023, amendments regarding efficient.
FEDE Office of the Federal Register / National Archives and Records Administration · Rulemaking audits
Postal Service | Notice | The United States Postal Service (USPS) is responding to public comments regarding the creation of a new General Privacy Act System of Records (SOR) USPS 820.225, Federal Ballot Mail. The new SOR coincides with the Postal Service's publication of the Final Rule amending the Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM), regarding the transmission of mail-in or absentee ballots for federal elections. The Postal Service created the SOR to maintain a list of individuals, each individual's address, the unique Intelligent Mail barcodes printed on each individual's outbound and return ballot envelope for a federal election, and the sta.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The General Services Administration (GSA) is responsible for ensuring that federal agencies have access to telecommunications services. Six agencies GAO selected to review recently completed their transitions from expired, legacy telecommunications contracts to the replacement Enterprise Infrastructure Solutions (EIS) contract. However, their transitions were delayed by more than three years past GSA’s September 2022 revised deadline. Due to continued delays, GSA took actions to extend the service period of the legacy contracts until May 2026 at the latest to avoid service disruptions. The delays exposed the agencies to price increases due to the ability of vendors to raise p.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Since 2020, four federal agencies administered the bulk of federal funding for broadband deployment through the nine programs GAO reviewed. These were the Federal Communications Commission (FCC), National Telecommunications and Information Administration (NTIA), and Departments of Agriculture and the Treasury. For example, NTIA oversees the over $42-billion Broadband Equity, Access, and Deployment (BEAD) program, which provides grants to states and territories that select providers to deploy broadband networks to underserved areas. As of February 2026, all nine programs had begun distributing funding. Expected Completion Date for Selected Programs’ Broadband Deployment Progra.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The U.S. Navy has not fully mitigated attack submarine fleet maintenance and other challenges affecting readiness. Over the last 10 years, the U.S. Navy has lost more than 15,000 operational days due to maintenance delays and idle time on active attack submarines. These delays resulted in an estimated $3.4 billion in costs to sustain crews and submarines that provided no operational capability. U.S. Navy Attack Submarine Depot Maintenance Delays, Length of Depot Maintenance Periods, and Idle Time, Fiscal Years 2016–2025 Lost operational days include delays completing depot maintenance and active idle time. Active idle time describes a period when an attack submarine and its c.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found Qualified Opportunity Zones (Zone)—low-income census tracts nominated by governors and designated by the Department of the Treasury—have lower incomes and higher poverty than other census tracts. The law commonly known as the One Big Beautiful Bill Act (OBBBA) changed the eligibility criteria for Zone designation, which resulted in fewer eligible tracts for future selection. Stakeholders, including some states and subject-matter specialists, reported that this may allow better targeting of the tax incentive to the most economically distressed areas. Stakeholders reported the incentive is primarily funding real estate development. According to state officials and Qualified Opp.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found The Department of Defense (DOD) does not request full funding of identified needs for installation maintenance or major improvement projects for facilities. This shortage has led to an estimated $285 billion of maintenance backlogs in fiscal year 2025. Due to competing budget priorities, DOD set a goal to fund 90 percent of its maintenance needs, but GAO found that the military services continue to fall short of this goal by funding about 80 percent of these needs. DOD has not fully determined the risks to its mission and to the quality of life of its personnel as a result of not meeting its funding goal. Fully determining and communicating these risks would provide better in.
FEDE U.S. Government Accountability Office · Audits audits
What GAO Found As of August 2026, EXIM was not monitoring the end use of any dual-use export because all such transactions had been repaid in full. EXIM did not finance any new exports under its dual-use authority in fiscal year 2025, according to EXIM authorization data and EXIM officials. Why GAO Did This Study The mission of the Export-Import Bank of the United States (EXIM) is to help support American jobs by facilitating the export of U.S. goods and services and financing imports. In 1994, Congress passed legislation authorizing EXIM to facilitate the financing of U.S. exports of defense articles and services with both civilian and military applications, provided that the bank determin.
