DOD established a pilot program to award certain contracts, without competition, to companies organized as “employee stock ownership plans.” ESOPs provide people with direct ownership of the company they work for and other benefits. DOD's guidance on the pilot didn't give contracting officers enough information to determine whether companies were eligible for the program. As a result, DOD awarded a contract to an ineligible company...

The Federal Deposit Insurance Corporation insures over $10 trillion in deposits and protects your money if your FDIC-insured bank fails. We audit and issue opinions annually on financial statements of FDIC's insurance funds and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded). We found the statements were reliable and controls over financial reporting were effective in 2024.

The Office of Personnel Management's Pathways Programs serve as a pipeline for bringing young employees into the federal government. But the programs have seen a 64% decrease in the number of hires since FY 2013. Although efforts have increased the number of hires, OPM should do more to improve the programs, including: Getting more data on year-to-year hiring fluctuations Collecting feedback from program participants Looking...

The General Services Administration is the main landlord and leasing agent for the federal government. In 2024, GSA managed about 7,500 leases for federal agencies and received around $6 billion in rent payments. GSA uses commercial real-estate brokers to help save money during the leasing process. For example, brokers can negotiate lease rates and terms for federal agencies. We found that in recent years, brokers...

Gas Stoves:
Risks and Safety Standards Related to Products and Ventilation
GAO-25-107514Published: Mar 18, 2025 . Publicly Released: Mar 18, 2025 .Millions of Americans use gas stoves, which can produce emissions that may pose health risks. In this Q&A, we reviewed how industry, standards development organizations, and federal agencies are working to improve gas stove safety. Some of these groups have initiated research and safety efforts. For example, there are ongoing studies of indoor air quality and research projects for improving vent hoods and exhaust fans...

We audit and issue opinions annually on IRS's financial statements and related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded). Our FY 2024 audit identified 5 new deficiencies in internal controls, including in how IRS manages IT system security. Our recommendations address these issues. Despite the new deficiencies, IRS made significant progress during FY 2024 in addressing the prior...

GASB

March 17, 2025

IASB

March 2025 IFRIC Update now available
20 Mar 2025

19 Mar 2025

19 Mar 2025

18 Mar 2025

IR-2025-35, March 19, 2025 — Gary Shapley has been named deputy chief for IRS Criminal Investigation (IRS-CI), starting March 19. In his new role, Shapley will oversee 20 field offices and 14 foreign posts, including more than 2,000 special agents investigating tax fraud and other financial crimes.

NYS