Government Accountability Office
Watchdog Warns of ‘Significant’ PPP Fraud Risk
The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
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.
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.
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.
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.
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.
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.
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.
SEC’s Pot Calling the Kettle Black?
The securities regulator has deficiencies in some financial controls and weak cybersecurity measures, says the GAO.
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.
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.