July 3, 2022

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How much money do GAO audits actually save federal government, taxpayers? – Federal News Network

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It used to be called the “General Accounting Office.” The GAO audits both financial and program performance of federal agencies. Now the nonpartisan Lincoln Network has analyzed data supplied by the GAO that’s not normally public, and it says a lot about how much money the GAO’s work actually saves. For details, Federal Drive with Tom Temin turned to the Director of Cyber and National Security at the Lincoln Network, Dan Lips.

Tom Temin: Dan, good to have you back.

Dan Lips: Hi, Tom. Thanks for having me.

Tom Temin: What you did then is, first of all, you have been among those urging GAO to get Congress to get the GAO to maybe publish the estimate of what could be saved if all of its recommendations were followed by federal agencies, because the federal agencies don’t follow all of the recommendations. And what did that show?

Dan Lips: GAO provides a lot of value to Congress and the government. Every year, they provide an estimate publicly about how much their work contributes to financial savings and other government improvements. And over time, this work has been really valuable. GAO says that its work has resulted in more than $1 trillion in savings since 2002. And what we …….

Source: https://federalnewsnetwork.com/agency-oversight/2021/09/how-much-money-do-gao-audits-actually-save-federal-government-taxpayers/