Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies written by United States House of Representatives and published by . This book was released on 2019-09-22 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The roles and responsibilities of inspectors general within financial regulatory agencies: hearing before the Subcommittee on Government Management, Organization, and Procurement of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Eleventh Congress, first session, March 25, 2009.

Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-10-14 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The roles and responsibilities of inspectors general within financial regulatory agencies: hearing before the Subcommittee on Government Management, Organization, and Procurement of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Eleventh Congress, first session, March 25, 2009.

Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2010 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies Serial No 111 49 March 25 2009 111 1 Hearing written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Roles and Responsibilities of Inspectors General Within Financial Regulatory Agencies written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Management, Organization, and Procurement and published by . This book was released on 2010 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inspectors General written by Gary L. Kepplinger and published by . This book was released on 2009 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This testimony discusses H.R. 885, Improved Financial and Commodity Markets Oversight and Accountability Act. This proposed legislation recently referred to Congress is intended to enhance the independence of inspectors general (IG) in key financial regulatory agencies including the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the National Credit Union Administration, the Pension Benefit Guaranty Corporation, and the Securities and Exchange Commission. In numerous reports and testimonies over the last several years, we have discussed the key role that IGs play in federal agency oversight. The Inspector General Act of 1978, created offices of inspector general at major departments and agencies with IGs who are appointed by the President, confirmed by the Senate, and may be removed only by the President with notice to the Congress stating the reasons. The IGs are to prevent and detect fraud and abuse in their agencies' programs and operations; conduct audits and investigations; and recommend policies to promote economy, efficiency, and effectiveness. In 1988, the 1978 IG Act was amended to establish additional IG offices in designated federal entities (DFE) defined by the act. Generally, the DFE IGs have the same authorities and responsibilities as those originally established by the IG Act but there is a clear distinction--they are appointed and may be removed by their agency heads rather than by the President and are not subject to Senate confirmation. In the now more than three decades since passage of the IG Act, the IGs have been instrumental in enhancing government accountability. This testimony discusses (1) the legislative proposals in H.R. 885, (2) the key principles and importance of auditor and IG independence, and (3) current coordination mechanisms in place for IG offices. Currently, both the administration and the Congress are considering many options aimed at strengthening the financial regulatory system. H.R. 885 would provide for the inspectors general for selected financial regulatory agencies to be appointed by the President with Senate confirmation. Those IGs currently are appointed by their agency heads and may be removed by their agency heads. H.R. 885, Improved Financial and Commodity Markets Oversight and Accountability Act, would provide for the conversion of these IGs from appointment by their respective agency heads to appointment by the President with confirmation by the Senate. Likewise, after this conversion, these IGs may be removed only by the President with advance notification to the Congress of the reasons. We believe that the differences in the appointment and removal processes between presidentially appointed IGs and those appointed by their agency heads result in a clear difference in the level of independence of the IGs. A general tenet to keep in mind is that the further removed the appointment source is from the entity to be audited, the greater the level of independence. In the past, the Congress has taken actions to convert IGs from appointment by their agency heads to appointment by the President with Senate confirmation as a way to enhance IG independence. For example, on the heels of the savings and loan and banking crisis, over two decades ago, the role of the Federal Deposit Insurance Corporation's (FDIC) IG became increasingly important in providing oversight. Due to the perceived limitation of the FDIC IG's independence resulting from agency appointment, the Congress converted the IG from agency appointment to appointment by the President with Senate confirmation. In another example, the Congress took action to convert the Tennessee Valley Authority (TVA) IG to appointment by the President with Senate confirmation because of concerns about interference by TVA management. In both cases, Congress recognized that the IG's independence would be enhanced by the presidential appointment. The change from agency appointment to appointment by the President has been recognized by Congress since the advent of the IG concept as strengthening the critical element of IG independence. As we have noted in prior reports and testimony, we believe independence is one of the most important elements of an effective IG function.

Download or read book U S Inspectors General written by Charles A. Johnson and published by Brookings Institution Press. This book was released on 2019-12-03 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 2020 CHOICE Outstanding Academic Title How officials reporting to both executive officials and congressional representatives work to keep the government honest, efficient, and effective. Inspectors general are important players in the federal government, and their work often draws considerable public attention when one of them uncovers serious misdeeds or mismanagement that make the headlines. This book by two experts in public policy provides a comprehensive, up-to-date examination of how inspectors general have operated in the four decades since Congress established the offices to investigate waste, fraud, and mismanagement at federal agencies and to promote efficiency and effectiveness in government programs. Unique among federal officials, inspectors general are independent of the agencies they monitor, and they report to the executive and legislative branches of government. One key factor in their independence is that they are expected to be non-partisan and carry out their work without regard to partisan interests. The authors of U.S. Inspectors General: Truth Tellers in Turbulent Times emphasize the “strategic environment” in which inspectors general work and interact with a variety of stakeholders, inside and outside the government. Their new book is based on in-depth case studies, a survey of inspectors general, and a review of public documents related to the work of inspectors general. It will be of interest to scholars and students of public policy and public management, journalists, and ordinary citizens interested in how the government works—or doesn’t work—on their behalf.

Download or read book Monitoring Government written by Paul C. Light and published by Brookings Institution Press. This book was released on 2011-02-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until the Department of Housing and Urban Development scandal in 1989, the public knew little about federal inspectors general (IGs). Suddenly, Congress, the press, and the public were seeking answers to a scandal that challenged the role of the IGs in ensuring government accountability. Within days, the IGs were front-page news, and greater emphasis was placed on fraud, waste, and abuse as a measure of whether government could be held accountable. Monitoring Government offers the first systematic evaluation of the offices of inspector general OIGs and examines the government-wide investment in the IG concept. Despite their increasingly prominent, often controversial, role in the internal oversight of government, very little is known about their institutional or operational problems. To some in the executive branch, OIGs exercise too much discretion at the expense of executive control. To others in Congress, they do not have enough autonomy and responsibility. Overall the question is not only how the OIGs have functioned, but also what role they soundly play in our system of separation of powers. Paul Light begins with a brief history of the IG concept, from the passage of the 1978 IG Act to the changes in mission with new administrations. He explains the different approaches to accountability, discusses the nature of monitoring the political incentives surrounding findings and recommendations made by IGs, and looks at the dominance of compliance monitoring as the front line against fraud, waste, and abuse. The book addresses a number of specific issues regarding the policing of government. Using detailed interviews with past IGs and senior-level officials across government, as well as a case study of the Housing and Urban Development scandal, Lights examines a series of specific operational issues. Envisioning a broader role for the IG in the future, he offers recommendations to strengthen the search for accountability.

Download or read book Inspector General Reform Act of 2008 written by United States and published by . This book was released on 2008 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inspectors General Independent Oversight of Financial Regulatory Agencies written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Standards for Internal Control in the Federal Government written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers? Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government.

Download or read book Federal Inspectors General written by Emmett Cruz and published by . This book was released on 2016 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal inspectors general (IGs) are authorized to combat waste, fraud, and abuse within their affiliated federal entities. To execute their missions, offices of inspector general (OIGs) conduct and publish audits and investigations--among other duties. Two major enactments--the Inspector General Act of 1978 and its amendments of 1988 --established federal IGs as permanent, nonpartisan, and independent offices in more than 70 federal agencies. OIGs serve to assist Congress in overseeing executive branch--and a few legislative branch--agencies. They provide recommendations and findings to their affiliated agency head and to Congress that may save the government millions of dollars per year. As a result, Congress may have an interest in ensuring that federal OIGs have the appropriate authorities and access to information they need to perform their investigations, audits, and evaluations. Concurrently, Congress has a responsibility to protect some records and information, such as national security information or information about an ongoing criminal investigation, from improper release. This book provides background on the statutory creation of federal OIGs and provides historical context for contemporary debates about the strengths and limitations of the offices. Furthermore, this book provides context on the role of the Integrity Committee (IC) in investigating allegations of wrongdoing made against employees of the IG community. The book provides analysis of congressional proposals seeking to amend and improve the IC's operations, and includes additional potential policy options for improvement of oversight of the IG community.

Download or read book Inspector General Act Oversight written by Stephen Horn and published by DIANE Publishing. This book was released on 1999-06 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first oversight hearing in 7 years on the Inspector General Act of 1978. The executive branch has 61 Inspectors General. They are a valuable tool in making the rest of the Federal Government accountable, but they themselves must also be accountable. Witnesses: IGs & former IGs. Also: Institute of Public Admin.; Public Policy Program, the PEW Charitable Trusts; & William Esposito, chairman, President's Council on Integrity & Efficiency Integrity Committee & Criminal Investigative Div., FBI.

Download or read book Improved Financial and Commodity Markets Oversight and Accountability Act written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2009 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Inspectors General of the United States Army 1777 1903 written by David A. Clary and published by . This book was released on 1987 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of the establishment of inspection practices in the United States Army told chronologically, in large part through the experiences of officers assigned to the inspection service. The record of the inspectorate illustrates those daily concerns that influenced the institutional development of the Inspector General Corps as a whole.

Download or read book Government Auditing Standards 2018 Revision written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.