The Government Accountability Office is an independent government agency responsible for monitoring the use of taxpayer dollars by the legislative and executive branches and delivering the results directly to Congress. Simply put, the GAO serves as Congress` watchdog on government spending. It monitors the results of operations, financial position and accounting systems used by various government agencies and conducts routine audits in all branches of government. Each year, the GAO prepares an audit report on the financial statements of the United States Government. The 2010 U.S. Government Financial Report was released on December 21, 2010.  The attached press release states that the GAO «is unable to express an opinion on the 2010 consolidated financial statements of the federal government due to widespread material weaknesses in internal control, significant uncertainties and other limitations.»  The GAO is responsible for overseeing various government agencies and their expenditures. It examines the effectiveness of public spending, focusing mainly on the executive branch. The GAO seeks to make government more accountable and effective in managing programs and using taxpayers` dollars. As part of its sustainability initiative, the GAO publishes a report on the federal fiscal outlook and deficit data.  U.S.
The deficit is reported on a cash basis rather than on an accrual basis, although the GAO notes that the accrual deficit «provides more information on the long-term impact of the Government`s annual operations.»  In fiscal 2010, the U.S. federal government recorded net operating expenses of $2,080 billion, although the liquidity deficit was $1,294 billion because these include provisions (estimates of future liabilities).  «Investigate, at the seat of government or elsewhere, all matters relating to the receipt, disbursement and use of public funds and make a statement to the President. and Congress. reports [and] recommendations for greater economy or efficiency in public spending».  Another set of legislative tasks includes standard-setting or the Yellow Book. These principles, also known as generally accepted standards for state auditing, are used to streamline the government audit process and reporting. GAO`s professional staff are organized into teams covering individual areas such as healthcare, defense capabilities and management, and procurement and procurement management. It publishes reports on a wide range of issues related to government concerns, such as the food stamp program, minority representation in the federal workforce, and human trafficking. All GAO reports are available on its website, and the public can also request free printed copies of the reports. The production and dissemination of such a wide range of studies requires GAO to have a team of experts in many fields, including analysts, computer specialists, accountants, economists, lawyers and communications analysts. The Forensic Audits and Investigations Service (FAIS) team provides Congress with high-quality forensic audits and investigations into fraud, waste and abuse.
other special investigations; and security and vulnerability assessments. His work covers a variety of government programs administered by the IRS, the Centers for Medicare and Medicaid Services, the Department of Veterans Affairs, and the Department of Homeland Security, among others. The GAO also publishes publications in support of Congress and the executive branch. GAO reports, witness statements, correspondence, legal decisions and statements are available to the press and the public. We help Congress fulfill its constitutional responsibilities, improve its performance, and ensure accountability for the federal government. We provide Congress with timely, objective, factual, impartial, non-ideological and balanced information. Learn about our role in government, as well as our history, achievements, mission and legal powers. The Government Accountability Office (GAO) is a legislative government agency that provides audit, evaluation, and investigative services to the United States Congress.  It is the supreme audit institution of the U.S. federal government.
It identifies its core «mission values» as responsibility, integrity and reliability.  It is also known as the «Congressional Watchdog».  The Government Accountability Office (GAO) is an independent, legislative agency that oversees and audits government spending and operations. The agency reviews how taxpayers` money is spent and makes recommendations on how the government can save money or operate more fiscally responsibly. The GAO was founded in 1921 and is often considered the watchdog of Congress. It`s a nonpartisan agency that helps the government find spending efficiency, which is why it`s supposed to work for Congress. Government Accountability Office (GAO), which reports to Congress and describes itself as independent and impartial. It was established in 1921 as the General Accounting Office and renamed the Government Accountability Office (GAO) in 2004. The name change was partly intended to clarify the functions of the agency, whose accounting has played and still plays only a limited role. The agency is headquartered in Washington, D.C., and has 11 other offices in major cities across the United States. GAO investigations are initiated at the request of congressional committees and subcommittees or mandated by public law or committee reports.
The variety of topics covered by the GAO include financial management, education, homeland security, health care, information technology, natural resources, environment, international affairs, financial markets, and government management. The U.S. Government Accountability Office (GAO) is an independent agency that investigates how the federal government spends taxpayers` money. The GAO works for the U.S. Congress and is often referred to as the «congressional watchdog.» According to its mission statement, the GAO should assist Congress in fulfilling its constitutional responsibilities and help improve the performance and accountability of the federal government for the benefit of the American people.