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Financial Management: Improvements Needed in National Flood Insurance Programís Financial Controls and Oversight
Financial Management: Improvements Needed in Natio

Our Price: $25.00
By Susan Ragland (au)
Year: 2009
Pages: 44
Binding Paperback

Product Code: 1437928102

Due to the federal government's role as guarantor, floods impose an enormous potential financial burden on the federal government. Consequently, decision makers at the Dept. of Homeland Security (DHS), the Federal Emergency Management Agency (FEMA), and the Congress need accurate and timely financial information to assess the effectiveness of the National Flood Insurance Program (NFIP). This report assesses whether controls in place during the 2005 to 2007 time frame were effective and whether actions to improve controls are likely to address identified weaknesses. The report reviewed and analyzed FEMA/NFIP guidance, data, and financial reports, reviewed prior audit reports, interviewed FEMA officials and contractors, and selected a sample of claim losses paid to determine whether claim files contained key documents. Includes recommendations. Tables.

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