United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1999-01-29 monographic deposited born digital 72 p. GA 1.13:AIMD-99-31 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-31 P0b002ee180383d60 f:ai99031 DGPO 2010-08-12 2011-03-28 GAOREPORTS-AIMD-99-31 machine generated eng fdlp REPORT GAOREPORTS-AIMD-99-31 AIMD-99-31 Projections Financial statement audits Loan accounting systems Internal controls Accounting standards Government guaranteed loans Data integrity Direct loans Mutual Mortgage Insurance Fund Dept. of Education National Student Loan Data System Y2K USDA Rural Housing Service Single Family Housing Program Farm Operating Loan Program VA Direct Loan Guaranty Loan Program William D. Ford Federal Direct Loan Program SBA Disaster Loan Program SBA 7(a) General Business Loan Program Federal Family Education Loan Program HUD General and Special Risk Insurance Fund VA Guaranty and Indemnity Fund Letter Report AIMD GAO's report on the government's consolidated financial statements for fiscal year 1997 (GAO/AIMD-98-127, Mar. 1998) raised significant concerns about the ability of credit agencies to reasonably estimate subsidy costs related to the reported $216.6 billion in direct loans and $712.4 billion in loan guarantees issued by the federal government. Program managers and Congress depend on this information to make funding and program decisions involving hundreds of billions of dollars each year. For some types of credit programs, unreliable information can affect the availability and the delivery of basic services to taxpayers because changes in cost estimates may alter the number and amount of loans available. GAO reviewed the ability of the five key credit agencies--the Small Business Administration and the Departments of Education, Housing and Urban Development, Veterans Affairs, and Agriculture--to reasonably estimate their loan programs, including whether they used practices identified by the Credit Reform Task Force as being effective in making these estimates. GAO also reviewed the status of agencies' efforts to ensure that computer systems used to estimate the cost of credit programs are Year 2000 compliant. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-31/html/GAOREPORTS-AIMD-99-31.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-99-31/pdf/GAOREPORTS-AIMD-99-31.pdf GAO/AIMD-99-31 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-99-31 Letter Report GAO/AIMD-99-31; Credit Reform: Key Credit Agencies Had Difficulty Making Reasonable Loan Program Cost Estimates; Projections Financial statement audits Loan accounting systems Internal controls Accounting standards Government guaranteed loans Data integrity Direct loans Mutual Mortgage Insurance Fund Dept. of Education National Student Loan Data System Y2K USDA Rural Housing Service Single Family Housing Program Farm Operating Loan Program VA Direct Loan Guaranty Loan Program William D. Ford Federal Direct Loan Program SBA Disaster Loan Program SBA 7(a) General Business Loan Program Federal Family Education Loan Program HUD General and Special Risk Insurance Fund VA Guaranty and Indemnity Fund