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 <subject>Risk management</subject>
 <subject>Financial management</subject>
 <subject>Accountability</subject>
 <subject>Strategic information systems planning</subject>
 <subject>Strategic planning</subject>
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 <title>High-Risk Areas: Actions Needed to Solve Pressing Management Problems</title>
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<abstract>GAO discussed actions needed to bring about lasting solutions to serious
and long-standing federal government management problems.&lt;p/&gt;GAO noted that: (1) its mission is helping the Congress in its efforts
to improve management of our national government; (2) one approach has
entailed identifying critical management problems before they become
uncontrollable crises; (3) since 1990, GAO has produced a list for the
Congress of areas that GAO identified, based on its work, as highly
vulnerable to waste, fraud, abuse and mismanagement; (4) to help solve
high risk problems, GAO has made hundreds of recommendations to get at
the heart of these problems, which have at their core a fundamental lack
of accountability; (5) this list helps focus attention by the
administration and the Congress on critical management problems; (6) the
high risk designation has prompted agencies to take action in many
areas, and progress in addressing management problems has ensued; (7)
the need to address fundamental management problems also was a factor in
prompting the Congress to to enact important reforms such as the 1995
Paperwork Reduction Act and the 1996 Clinger-Cohen Act to better manage
investments in information technology (IT), the Government Management
and Reform Act of 1994, which expanded the 1990 Chief Financial Officers
(CFO) Act&apos;s requirement for financial statements and controls that can
pass the test of an independent audit, and the 1993 Government
Performance and Results Act (GPRA) to better measure performance and
focus on results; (8) this legislation forms an integrated framework
that will help agencies identify and monitor high risk areas and operate
programs more efficiently and will assist the Congress in overseeing
agencies&apos; efforts to achieve these results; (9) through the set of
reforms embodied in the CFO Act, GRPA, and the IT initiatives, the
Congress has laid the groundwork for the federal government to use
proven best management practices that have been successfully applied in
the private sector and state and local governments; and (10) these
reforms will not produce lasting improvements, however, without
successful implementation by agencies and relentless Congressional
involvement.</abstract>
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<note>Testimony</note>
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 <topic>Risk management</topic>
 <topic>Financial management</topic>
 <topic>Accountability</topic>
 <topic>Strategic information systems planning</topic>
 <topic>Strategic planning</topic>
 <topic>Auditing standards</topic>
 <topic>Information technology</topic>
 <topic>Internal controls</topic>
 <topic>Congressional oversight</topic>
 <topic>Human resources utilization</topic>
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