The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
The commission says cybercriminals obtained access to nonpublic information and may have used it to make illicit trades.
There is no way to justify cutting the federal corporate tax rate below the current 35%, says Americans for Tax Fairness.
A watchdog says the Fed needs to disclose more about how it assesses whether banks would maintain sufficient capital in a future crisis.
The watchdog says the Obama administration violated the ACA by allocating all the fees to insurers and none to the Treasury Department.
Continuing access control weaknesses could allow unauthorized users to gain access to taxpayer data, a government watchdog says.
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.
Even if every future vacancy was filled by a woman, it would take until 2024 to achieve boardroom parity, the GAO says.
The securities regulator has deficiencies in some financial controls and weak cybersecurity measures, says the GAO.
The Internal Revenue Service needs to step up its security practices to protect financial and taxpayer data, says the Government Accountability Office.
Both the GAO and the Treasury Department have proposed forcing employers to file W-2 information earlier to help stem tax fraud.
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.
