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 ?
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."
The General Accounting Office (GAO) is an independent federal agency working to improve federal government accountability by alerting policy makers and the public to emerging problems throughout the government.
The General Accounting Office recently issued a report recommending that Congress deny the IRS the increased funding and staffing for its customer service initiatives, as well as delay any new deposits to the ITIA account.
In early November, the Senate Special Committee on Aging held one hearing to air a November 4 General Accounting Office report, "Nursing Home Care: Enhanced HCFA Oversight of State Programs Would Better Ensure Quality." The report charges that HCFA's 10 regional offices' monitoring of state survey agencies is "unreliable." The GAO cited one instance where a follow-up federal survey found 24 violations missed by state inspectors, including a patient who had lost 19 percent of his body weight.
In the United States, the General Accounting Office (GAO) estimates the number of brownfield sites to be between 130,000 and 400,000.
It faces critical threats to its military readiness, operations, and security, observes the General Accounting Office (GAO) in two reports issued last month.
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.
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.
General Accounting Office (GAO) detailing the abysmal progress of the Russian WMD destruction program.
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.
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.
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