Accession Number : ADA291965
Title : Problems at the Department of Housing and Urban Development (HUD).
Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC OFFICE OF THE COMPTROLLER GENERAL
PDF Url : ADA291965
Report Date : 23 JAN 1990
Pagination or Media Count : 7
Abstract : This letter responds to your requests expressing your concern about the magnitude and type of problems at the Department of Housing and Urban Development(HUD) and whether those problems, with their corresponding costs to the taxpayer, could exist at other departments and agencies. I have been concerned about the possibility of other HUD-type problems for some time and, unfortunately, I am convinced that they do indeed exist. GAO has been developing a program to help deal with this matter which may address your concerns. As you know, we completed our review of- the agencies' reporting under the Financial Integrity Act (FIA) and issued our report on November 29, 1989. We concluded that since passage of the act 7 years ago, it is evident that the government continues to be plagued by serious breakdowns in its internal control and financial management systems. Unless something more is done to correct the material deficiencies in management information and accounting systems, and material weaknesses in internal controls, major losses of federal funds and the collateral fraud and abuse incidents will continue. Pg 1. JMD
Descriptors : *FINANCIAL MANAGEMENT, *COSTS, *HOUSING(DWELLINGS), *SOCIAL WELFARE, CONTROL, ECONOMIC ANALYSIS, UNITED STATES GOVERNMENT, MANAGEMENT INFORMATION SYSTEMS, MANAGEMENT, ACCOUNTING, DEFECTS(MATERIALS), INTERNAL, LOSSES, URBAN AREAS, MONEY.
Subject Categories : Economics and Cost Analysis
Sociology and Law
Distribution Statement : APPROVED FOR PUBLIC RELEASE