Government Accountability Office auditors found that almost none of the contracts and grants data posted to USASpending was consistent with agency records.
Initiatives to share and publish agency data, like the Digital Accountability and Transparency Act, are working toward making more transparent how government spends money, and the Government Accountability Office is overseeing the efforts.
With a legal deadline looming, the Government Accountability Office took a look at how agencies are meeting the financial reporting requirements of the Data Act. Paula Rascona, the director of financial management and assurance issues at the GAO, fills in the details on Federal Drive with Tom Temin.
With six months to go before the deadline set by Congress, agencies have a lot of work to do in regards to implementing the Data Act. That’s according to two studios (study 1, study 2) from the Government Accountability Office. Paula Rascona GAO’s director of financial management and assurance issues, talked about the DATA Act deadline on Federal Drive with Tom Temin.
There are still struggles with parts of the DATA Act implementation, but Treasury and Office of Management and Budget officials say they are working with large agencies and federal auditors to problem solve ahead of the May 2017 deadline.
Congress handed the White House and Treasury a job back in 2014: Establish a new reporting system for agency spending that would make it easier for people to see and anaylze for themselves, how the goverment spends $1 trillion every year. But the Data Act has proved difficult to implement, as documented in two recent studies from the Government Accountability Office. Paula Rascona, director of financial management and assurance issues at the GAO. joins Federal Drive with Tom Temin with more.