Government Accountability Office

Watchdog Warns of ‘Significant’ PPP Fraud Risk
Fraud

Watchdog Warns of ‘Significant’ PPP Fraud Risk

The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
By Matthew Heller | June 26, 2020
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SEC Discloses 2016 Hack of EDGAR System
Technology

SEC Discloses 2016 Hack of EDGAR System

The commission says cybercriminals obtained access to nonpublic information and may have used it to make illicit trades.
By Matthew Heller | September 21, 2017
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Companies Aren’t Paying Their Fair Share of Taxes
Tax

Companies Aren’t Paying Their Fair Share of Taxes

There is no way to justify cutting the federal corporate tax rate below the current 35%, says Americans for Tax Fairness.
By Frank Clemente | July 13, 2017
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Report Sees Faults in Fed’s Bank Stress Tests
Risk & Compliance

Report Sees Faults in Fed’s Bank Stress Tests

A watchdog says the Fed needs to disclose more about how it assesses whether banks would maintain sufficient capital in a future crisis.
By Matthew Heller | November 17, 2016
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GAO Finds Misuse of ACA Reinsurance Fees
Regulation

GAO Finds Misuse of ACA Reinsurance Fees

The watchdog says the Obama administration violated the ACA by allocating all the fees to insurers and none to the Treasury Department.
By Matthew Heller | October 3, 2016
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IRS Still Has ‘Significant’ Flaws in Data Security
Technology

IRS Still Has ‘Significant’ Flaws in Data Security

Continuing access control weaknesses could allow unauthorized users to gain access to taxpayer data, a government watchdog says.
By Katie Kuehner-Hebert | April 4, 2016
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KPMG Withdraws Audit Opinions on Regulator
Risk & Compliance

KPMG Withdraws Audit Opinions on Regulator

The firm says the CFTC understated its lease obligations by about $212 million in 2014 and $194 million in 2015 because of an accounting error.
By Matthew Heller | January 21, 2016
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Gender Parity in Boardroom Still a Distant Goal
Workplace Issues

Gender Parity in Boardroom Still a Distant Goal

Even if every future vacancy was filled by a woman, it would take until 2024 to achieve boardroom parity, the GAO says.
By Katie Kuehner-Hebert | January 6, 2016
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SEC’s Pot Calling the Kettle Black?
Regulation

SEC’s Pot Calling the Kettle Black?

The securities regulator has deficiencies in some financial controls and weak cybersecurity measures, says the GAO.
By Matthew Heller | May 1, 2015
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Watchdog Finds IRS Cyber Security Still Flawed
Technology

Watchdog Finds IRS Cyber Security Still Flawed

The Internal Revenue Service needs to step up its security practices to protect financial and taxpayer data, says the Government Accountability Office.
By Matthew Heller | March 23, 2015
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IRS Urged to Move Up W-2 Filing Deadline
Technology

IRS Urged to Move Up W-2 Filing Deadline

Both the GAO and the Treasury Department have proposed forcing employers to file W-2 information earlier to help stem tax fraud.
By Iris Dorbian | September 23, 2014
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“Too Big To Fail” Report Inconclusive
Risk

“Too Big To Fail” Report Inconclusive

Although a GAO study shows that big banks still have a funding edge over smaller rivals, it’s an advantage that has ebbed since the recession.
By Iris Dorbian | August 1, 2014
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Senate to Revisit ‘Too Big to Fail’
Risk & Compliance

Senate to Revisit ‘Too Big to Fail’

A Senate committee will review a GAO study expected to show that large U.S. banks are still perceived as having implicit government backing.
By Iris Dorbian | July 28, 2014
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Apply These Breaks
Tax

Apply These Breaks

Small and midsize companies shouldn&spamp;rsquo;t overlook these tax incentives for research and development, exports, and energy efficiency.
By Marielle Segarra | April 15, 2012
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Three Overlooked Small-Business Tax Breaks
Tax

Three Overlooked Small-Business Tax Breaks

Small and midsized companies may be missing opportunities in research and development, exports, and energy efficiency.
By Marielle Segarra | February 24, 2012
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