Government Accountability Office

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Government Accountability Office (GAO)

An investigative arm of Congress, formerly called the General Accounting Office. Members of Congress may request a wide variety of reports, analyses, and raw data,which is supplied in a nonpartisan manner by the GAO.It also recommends actions to be taken by Congress as a result of findings in the reports. Its Web site,, contains an excellent search engine to find reports on housing,financial services,and natural resources,to name a few topics.

A few interesting reports related to real estate include

• ‘'Financial Institutions: Issues Regarding the Tax-Exempt Status of Credit Unions” (impor- tant because credit unions usually offer lower interest rates because of their tax-exempt status, but banks are crying “no fair” over the situation.)
• ‘'Real Estate Brokerage: Various Factors May Affect Price Competition”
• ‘'Title Insurance: Preliminary Views and Issues for Further Study”
• ‘'Catastrophe Risk: U.S. and European Approaches to Insure Natural Catastrophe and Terrorism Risks”
• ‘'Consumer Protection: Federal and State Agencies Face Challenges in Combating Predatory Lending”
• ‘'Residential Care Facilities Mortgage Insurance Program: Opportunities to Improve Program and Risk Management”
• ‘'Public Housing: Information on the Roles of HUD, Public Housing Agencies, Capital Markets, and Service Organizations”
• ‘'Elderly Housing: Federal Housing Programs and Supportive Services”

References in periodicals archive ?
General Accounting Office report, Canada spent 23 percent less per capita on health care in 1987 than the United States, mostly due to administrative costs; at the same time, every Canadian has coverage.
We have been talking about it for some time, but it's never been given to us as a priority until recently, based on our conversations with the General Accounting Office.
Murphy, general counsel for the General Accounting Office, at a dinner meeting of the National Contract Management Association.
Trademark processing fees "appear to be aligned with costs," according to a new report by the General Accounting Office (GAO), an investigatory arm of Congress.
The occurrence of fraud in health care has been estimated at 10 percent of total health spending by the General Accounting Office (4) and at 3 to 5 percent a year by the National Health Care AntiFraud Association.
Formulary apportionment and minimum tax proposals have significant policy and administrative disadvantages, which have been summarized by the General Accounting Office in a 1992 report.
I will begin my remarks this morning by placing these issues in some historical perspective before commenting specifically on provisions that would change the status of Reserve Bank presidents, broaden the authority of the General Accounting Office (GAO) to audit the Federal Reserve, and mandate additional disclosure of monetary policy decisions and discussions.
But in February the General Accounting Office (GAO) issued a report pointing out that the program has not yet met seven of the eight standards Congress set for it.
General Accounting Office was required to study the potential effects of mandatory audit firm rotation for companies reporting to the Securities and Exchange Commission.
I applaud the efforts undertaken in support of the Homeland Security Department and the Department of Defense; as well as the General Accounting Office and the State Department as mentioned, but they need to be expanded across the government.
General Accounting Office (GAO) report on the Paperwork Reduction Act (PRA) reveals a record increase in federal agencies' burden estimates.
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