Author Archives: WatchBlog

Foreign Investment and National Security

The U.S. economy has historically been the largest recipient of foreign direct investment in the world—it received $373 billion in such investment in 2016.  This investment can often be beneficial to the economy.  However, ensuring that these foreign investments do … Continue reading

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Just Facts

A lot of time and attention to detail goes into every one of GAO’s non-partisan, fact-based reports. As a result, there may be a lot of interesting nuggets buried in each PDF, on page 10, 100, or even 300. We’d … Continue reading

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Is The Regulatory Environment Stifling Financial Innovation?

Financial regulatory oversight in the United States is complex and fragmented, with different rules across multiple regulators at both the federal and state level. And, while this is true for all financial institutions, new entrants known as financial technology (fintech) … Continue reading

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July Podcast Roundup – Podcasts You May Have Missed

We’ve been busy podcasting this summer!  And if you’re not subscribed on iTunes or our RSS feed, you’re missing out. Today’s WatchBlog catches you up on some of our recent podcasts. Summer Meals Programs: During the school year, federal and other programs help provide meals … Continue reading

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Medicare’s Financial Check-Up (video)

Nearly 60 million elderly and disabled people count on Medicare for health care coverage. Without the program, they and their families could be responsible for billions of dollars of health care costs. Medicare spent about $700 billion in 2017 and … Continue reading

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Protecting Federal Whistleblowers

Federal whistleblowers—current, former, and prospective federal employees who allege wrongdoing—play a key role in saving taxpayer money and reducing fraud, waste, and abuse in the federal government. The Office of Special Counsel (OSC) is an independent body that reviews whistleblowers’ … Continue reading

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How Can We Reorganize the Government Effectively?

On June 21, 2018, the administration released a plan to reorganize the federal government and improve efficiency and effectiveness. The Office of Management and Budget had earlier required agencies to develop proposals to improve performance, increase accountability, and reduce the … Continue reading

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Ensuring Balanced Financial Regulation

Congress passed the Dodd-Frank Act 8 years ago in response to the worst financial crisis in more than 75 years. In May of this year, Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act. Both the new law and … Continue reading

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Updating Government Auditing Standards – The 2018 Yellow Book

Today we issued a new revision of the Generally Accepted Government Auditing Standards, also known as the “Yellow Book,” which supersedes the 2011 revision of the standards. What kind of training and experience make a competent auditor? How is audit … Continue reading

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Are Acquisition Reforms Leading to Better Outcomes at DOD?

Over the past two decades, we’ve issued annual “Quick Looks” at the Department of Defense’s largest and most expensive acquisition programs. Our work continued this year with a review of DOD’s 86 major weapons programs, which totaled more than $1.66 … Continue reading

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