Designated federal entities : survey of governance practices and the Inspector General role : report to the Ranking Member, Committee on Finance, U.S. Senate.

Format:

• Book
• Government document

Contributor:

• United States. Congress. Senate. Committee on Finance

Language:

English

Subjects (All):

• Auditing, Internal--United States.
• Administrative agencies--United States--Auditing.
• Executive departments--United States--Auditing.
• Administrative agencies--Auditing.
• Auditing, Internal.
• Executive departments--Auditing.
• United States.

Physical Description:

1 online resource (viii, 144 pages)

Other Title:

Survey of governance practices and the Inspector General role

Place of Publication:

[Washington, D.C.] : U.S. Govt. Accountability Office, [2009]

Summary:

For entities that rely on others for funding, effective governance, accountability, and internal control are keys to maintaining trust and credibility. In recent years, corporate governance and accountability have received increased scrutiny and emphasis in the nonprofit, federal government, and public company sectors. Governance and accountability problems have also been identified at designated federal entities (DFE) such as the Smithsonian Institution, the Legal Services Corporation, and the Pension Benefit Guaranty Corporation. This report responds to a congressional request that GAO describe (1) the statutory structure of the governing bodies for each DFE organization and (2) the role of the inspectors general (IGs) in the governance structure. To accomplish this, GAO surveyed the DFE heads and IGs on governance issues and reviewed information from a variety of sources, including the IG Act and subsequent amendments; enabling legislation for the DFEs; and legislative and regulatory standards and requirements for financial reporting and internal control. GAO is not making specific recommendations in this report, but is providing this information for consideration in future efforts to update the governance of DFEs, oversee the entities and their IGs, and continue work to improve the effectiveness of government. GAO received technical comments, which were incorporated as appropriate.

Notes:

• Title from title screen (GAO, viewed on May 22, 2009).
• "April 2009."
• Includes bibliographical references.
• "GAO-09-270."

OCLC:

341378415