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”

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Gao, 50, was a well-known defense lawyer -- he was named one of China's top 10 lawyers by the country's Justice Ministry in 2001 -- but he fell afoul of the authorities after he began to represent clients in politically charged cases, including members of the Falun Gong spiritual movement, which China has outlawed.
A July 2013 report, "Internal Controls: SEC Should Consider Requiring Companies to Disclose Whether They Obtained an Auditor Attestation," falls under the GAO's financial system stability and reform responsibilities.
Apparently, Gao hadn't exactly struck it rich in Yunnan, for in the leaf showing a stag approaching a man who holds his hands in the gesture of greeting, he writes:"This stag, always aloof from the world, / Frequently met an Immortal.
If subscription contracts are to be treated as materials for bona fide needs analysis, the GAO stretched the rules for the NLRB subscriptions.
Gao was told last November to suspend his law practice for a year.
* Provides assurance to Congress and to the American people that the GAO's work is objective, independent and reliable.
Another federal agency criticized by the GAO is the Department of the Treasury.
As the GAO notes, "Expanding the CAPPS II mission could ...
Probing deeper, the GAO found that conditions for targeting a company are quite different among states.
Steven Cohen, a USDA spokesman, said his agency is still formulating a response to the GAO. But he said the report does not accurately reflect the current state of the government's food inspection program.
It opens with a two-page preface and an introductory essay by the editor, "Gao Xingjian, the Nobel Prize and the Politics of Recognition," which tackles the issue of identity politics in China.