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 <subject>Accountability</subject>
 <subject>Erroneous payments</subject>
 <subject>Federal agencies</subject>
 <subject>Federal aid programs</subject>
 <subject>Federal law</subject>
 <subject>Federal legislation</subject>
 <subject>Financial management</subject>
 <subject>Internal controls</subject>
 <subject>Performance measures</subject>
 <subject>Reporting requirements</subject>
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 <type>Testimony</type>
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<titleInfo>
 <title>Financial Management: Challenges in Meeting Requirements of the Improper Payments Information Act</title>
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<abstract>Improper payments are a longstanding, widespread, and significant
problem in the federal government. The Congress enacted the	 
Improper Payments Information Act (IPIA) of 2002 to address this 
issue. Fiscal year 2004 marked the first year that federal	 
agencies governmentwide were required to report improper payment 
information under IPIA. One result of the IPIA has been increased
visibility over improper payments by requiring federal agencies  
to identify programs and activities susceptible to improper	 
payments, estimate the amount of their improper payments, and	 
report on the amount of and their actions to reduce their	 
improper payments in their annual Performance and Accountability 
Reports (PAR). Because of continued interest in addressing the	 
governmentwide improper payments issue, we continue to report on 
the progress being made by agencies in complying with certain	 
requirements of the IPIA. This testimony summarizes the results  
of our most recent report on agencies&apos; progress in meeting the	 
requirements of the IPIA. Ultimately, the success of this	 
legislation hinges on each agency&apos;s diligence and commitment to  
identifying, estimating, and determining the causes of, then	 
taking corrective actions, and measuring progress in reducing	 
improper payments.</abstract>
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<identifier type="preferred citation">GAO-05-605T</identifier>
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<note>Testimony</note>
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 <searchTitle>GAO-05-605T; Financial Management: Challenges in Meeting Requirements of the Improper Payments Information Act;
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<subject>
 <topic>Accountability</topic>
 <topic>Erroneous payments</topic>
 <topic>Federal agencies</topic>
 <topic>Federal aid programs</topic>
 <topic>Federal law</topic>
 <topic>Federal legislation</topic>
 <topic>Financial management</topic>
 <topic>Internal controls</topic>
 <topic>Performance measures</topic>
 <topic>Reporting requirements</topic>
 <topic>Risk management</topic>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 116 Page 2350</partNumber>
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 <identifier type="Statute citation">116 Stat. 2350</identifier>
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  <title>United States Public Law 300 (107th Congress)</title>
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 <identifier type="public law citation">Public Law 107-300</identifier>
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