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Data Transparency: Oversight Needed to Address Underreporting and Inconsistencies on Federal Award Website
Data Transparency: Oversight Needed to Address Underreporting and Inconsistencies on Federal Award Website
 
Our Price: $20.00
By Carol R. Cha (au)
Year: 2014
Pages: 46
Binding Paperback
ISBN 978-1-4578-5674-7

Product Code: 1457856743

Description
 
The Federal Funding Accountability and Transparency Act was enacted in 2006 to increase the transparency over the more than $1 trillion spent by the federal government on awards annually. Among other things, the act requires the Office of Management and Budget (OMB) to establish a website that contains data on federal awards (e.g., contracts and grants) and guidance on agency reporting requirements for the website, USASpending.gov. This report determined the extent to which (1) agencies report required award data; and (2) the data on the website are consistent with agency records. It found that although agencies generally reported required contract information, they did not properly report information on assistance awards (e.g., grants or loans), totaling approximately $619 billion in FY 2012. Tables and figures. This is a print on demand report.

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