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 ?
In the government area, the Government Accountability Office (GAO) also establishes rules through the "Yellow Book.
the Government Accountability Office issued a CPE document titled, Government Auditing Standards: Guidance on GAGAS Requirements for Continuing Professional Education (GAO-05-568G).
The initials are still the same, but now they stand for Government Accountability Office.
Department of Defense policies are not addressing the risk of foreign software developers inserting malicious code or backdoors that could jeopardize weapons systems, concludes a new Government Accountability Office (GAO) report.
The VA was identified as a high-risk agency by the Government Accountability Office due to ambiguous policies, outdated Information Technology systems, inadequate accountability measures, and insufficient training for staff that can result in delays for veterans trying to access care.
This publication consists of an excerpt from a 2008 report from the US Government Accountability Office that reviews three US trade preference programs used to assist developing countries: the Andean Trade Preference Act, the Caribbean Basin Trade Partnership Act, and the Generalized System of Preference.
Food and Drug Administration officials might have avoided some conflicts of interest on their scientific advisory committees by expanding recruitment efforts beyond word-of-mouth nominations, according to a report from the Government Accountability Office.
The Government Accountability Office discovered thousands of examples of misuse of purchase cards, including spending on dating services and electronic devices like iPods that are missing from government inventories.
As requested, the US Government Accountability Office (GAO) examined the (1) basis on which DOE and NRC established the security and emergency response requirements for DOE and NRC-licensed research reactors; and (2) progress that the National Nuclear Security Administration (NNSA) has made in converting U.
In December 2005, the Government Accountability Office (GAO) issued a report entitled "DEFENSE ACQUISITIONS: DoD Has Paid Billions in Award and Incentive Fees Regardless of Acquisition Outcomes" <http://www.
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