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 ?
Gutierrez is asking the General Accounting Office to determine whether the United States Department of Transportation needs more authority or needs to focus more on such safety problems.
Nevertheless, the Clinton strategy of "managed competition" relies on insurance companies to reduce waste and at the same time to provide universal coverage, even though the government's own General Accounting Office has concluded that this objective would be better served by eliminating insurance companies from the health-care delivery system altogether.
Murphy, general counsel for the General Accounting Office, at a dinner meeting of the National Contract Management Association.
General Accounting Office, International Taxation: Transfer Pricing and Information on Nonpayment of Tax 3 (April 13, 1995) (emphasis added).
General Accounting Office, INFORMATION SECURITY, Continued Action Needed to Improve Software Patch Management, GAO-04-706 Patch Management (Washington, D.
A new annual report compiled by the General Accounting Office features 316 pages of reports on ill-conceived outlays, outmoded programs and squandered revenue opportunities that could be corrected before Congress signs off on the budget this fall.
In fact, in numbers the shortage is much worse with regard to CNAs, and they're the people who give most of the direct care," pointing out that "The General Accounting Office says we'll need 800,000 more nurse aides across settings, but mostly in nursing homes, by the year 2008.
Recent reports by the General Accounting Office and the Medicare Payment Advisory Commission conclude that patients with intensive medical needs are most at risk of losing access to home health care under the interim payment system.
General Accounting Office, an investigatory arm of Congress.
That's the impressive-sounding catch phrase often used to describe the General Accounting Office (GAO), the nonpartisan government outfit that conducts hundreds of investigations a year for the legislators of Capitol Hill.
Transactions, Trade Associations Say WASHINGTON, May 18 /PRNewswire/ -- Implementation of recommendations made by the General Accounting Office in its derivatives study would increase the cost and reduce the availability of derivative transactions, and overall "harm the American economy," the Securities Industry Association and five other financial services trade associations said in a joint response to the GAO study released Wednesday.
The General Accounting Office defines "large corporations" as those with $10 million or more of assets and the IRS uses the same definition.
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