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 <subject>Accountability</subject>
 <subject>Contracts</subject>
 <subject>Counterterrorism</subject>
 <subject>Defense procurement</subject>
 <subject>Federal procurement</subject>
 <subject>Federal property management</subject>
 <subject>Financial management systems</subject>
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 <subject>Housing programs</subject>
 <subject>Interagency relations</subject>
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 <subject>High Risk Series 2003</subject>
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 <title>High Risk Series: An Update</title>
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<abstract>GAO&apos;s audits and evaluations identify federal programs and
operations that, in some cases, are high risk due to their	 
greater vulnerabilities to fraud, waste, abuse, and		 
mismanagement. In recent years, GAO also has identified high-risk
areas to focus on the need for broad-based transformations to	 
address major economy, efficiency, or effectiveness challenges.  
Since 1990, GAO has periodically reported on government 	 
operations it has designated as high risk. In this 2007 update	 
for the 110th Congress, GAO presents the status of high-risk	 
areas identified in 2005 and new high-risk areas warranting	 
attention by Congress and the executive branch. Lasting solutions
to high-risk problems offer the potential to save billions of	 
dollars, dramatically improve service to the public, strengthen  
confidence and trust in the performance and accountability of the
U.S. government, and ensure the ability of government to deliver 
on its promises.</abstract>
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 <topic>Contracts</topic>
 <topic>Counterterrorism</topic>
 <topic>Defense procurement</topic>
 <topic>Federal procurement</topic>
 <topic>Federal property management</topic>
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 <topic>Housing programs</topic>
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 <topic>Internal controls</topic>
 <topic>Personnel management</topic>
 <topic>Program management</topic>
 <topic>Transportation</topic>
 <topic>Business planning</topic>
 <topic>High Risk Series 2003</topic>
 <topic>High Risk Series 2005</topic>
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