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<classification authority="sudocs">GA 1.13:GAO-06-482T</classification>
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 <subject>Accountability</subject>
 <subject>Erroneous payments</subject>
 <subject>Financial management</subject>
 <subject>Internal controls</subject>
 <subject>Performance measures</subject>
 <subject>Reporting requirements</subject>
 <subject>Risk assessment</subject>
 <type>Testimony</type>
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<titleInfo>
 <title>Financial Management: Challenges Remain 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 of 2002 (IPIA) to address this 
issue. Fiscal year 2005 marked the second year that federal	 
agencies governmentwide were required to report improper payment 
information under IPIA. One result of 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 amounts of improper payments and their actions to  
reduce them in their annual performance and accountability	 
reports (PAR). GAO was asked to testify on the progress being	 
made by agencies in complying with requirements of IPIA and the  
magnitude of improper payments. As part of the review, GAO looked
at (1) the extent to which agencies have performed risk 	 
assessments, (2) the annual amount of improper payments 	 
estimated, and (3) the amount of improper payments recouped	 
through recovery audits.</abstract>
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<note>Testimony</note>
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 <searchTitle>GAO-06-482T; Financial Management: Challenges Remain in Meeting Requirements of the Improper Payments Information Act;
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 <topic>Accountability</topic>
 <topic>Erroneous payments</topic>
 <topic>Financial management</topic>
 <topic>Internal controls</topic>
 <topic>Performance measures</topic>
 <topic>Reporting requirements</topic>
 <topic>Risk assessment</topic>
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