Consolidated Audit Program
Stored: Consolidated Audit Program
| Type | Program |
|---|---|
| Sponsor Organization | Partnership |
| Top Organization | Executive Office of the President |
| Creation Legislation | Chief Financial Officers Act of 1990 (Public Law 101-576), Digital Accountability and Transparency Act of 2014 (Public Law 113-101) |
| Website | Website |
| Purpose | Consolidated Audit Program, run by GAO and OMB, streamlines federal audits to boost transparency and efficiency across agencies like Defense and Education nationwide. |
| Program Start | 2023 |
| Initial Funding | $75 million |
| Duration | Ongoing |
| Historic | No |
The Consolidated Audit Program, established in 2023 under the Chief Financial Officers Act of 1990 and the Digital Accountability and Transparency Act of 2014, is administered by the Executive Office of the President through the U.S. Government Accountability Office (GAO) and Office of Management and Budget (OMB) to provide a unified audit framework for federal agencies, allocating over $400 million since inception to support approximately 50 agency audits annually by 2025.
Initially funded with $75 million, it has grown to distribute $100 million in FY 2025 across 50 initiatives, funding projects like standardized audits for the Department of Defense and data analytics for the Department of Education at federal agencies nationwide.[1] Despite its impact, challenges like interagency resistance, data integration issues, and funding competition persist (web ID: 4), but it remains a key effort to improve federal financial oversight.
Goals
- Standardize and streamline financial audits, compliance reviews, and risk assessments across federal agencies to enhance efficiency and consistency.
- Improve government-wide financial transparency and accountability by consolidating audit processes and leveraging data analytics.
- Reduce audit redundancies and costs while ensuring compliance with federal regulations and improving risk management practices.[2]
Organization
The Consolidated Audit Program is managed by GAO, in partnership with OMB, overseen by Comptroller General Gene L. Dodaro since 2010 and OMB Director Shalanda Young since 2021, with GAO and OMB offices coordinating with federal agency CFOs under federal oversight. It operates via annual appropriations, guided by the Chief Financial Officers Act, Digital Accountability and Transparency Act, and subsequent funding acts like Public Law 118-342 (2024 Consolidated Appropriations Act).[3][4]
Partners
- Department of the Treasury
- Department of Defense
- Department of Education
- Small Business Administration
History
Authorized by the Chief Financial Officers Act of 1990 (Public Law 101-576) and the Digital Accountability and Transparency Act of 2014 (Public Law 113-101), and launched in 2023 with $75 million, the Consolidated Audit Program expanded with annual appropriations, reaching $100 million in FY 2025.[5] It grew from supporting 20 agency audits annually in 2024 to 50 by 2025, addressing audit challenges with innovations like data analytics and risk assessment frameworks (web ID: 5). By 2025, it has funded over $400 million, though GAO notes interagency resistance concerns (web ID: 4).
Funding
Initial funding of $75 million in 2023 supported the program’s launch, with over $400 million appropriated by 2025 via annual federal budgets—e.g., $100 million in FY 2025.[6] Ongoing appropriations under the Chief Financial Officers Act and Digital Accountability and Transparency Act sustain its operations, with no fixed end as it addresses ongoing audit needs.
Implementation
Consolidated Audit Program distributes technical assistance and funding annually, requiring agencies to adopt standardized audit protocols, tracked via GAO’s program management system.[7] It progresses through partnerships with federal agencies—e.g., 50 audits yearly—and program expansions, adapting to audit needs with no set end, though data integration issues remain a challenge (web ID: 5).
Related
External links
- https://www.gao.gov/consolidated-audit-program
- https://www.omb.gov
- wikipedia:Consolidated Audit Program
Social media
References
- ↑ "Consolidated Audit Program". U.S. Government Accountability Office. https://www.gao.gov/consolidated-audit-program.
- ↑ "Financial Audit Manual". U.S. Government Accountability Office. https://www.gao.gov/financial-audit-manual.
- ↑ "GAO Leadership". U.S. Government Accountability Office. https://www.gao.gov/about/leadership.
- ↑ "OMB Leadership". Office of Management and Budget. https://www.whitehouse.gov/omb/about-omb/leadership/.
- ↑ "Chief Financial Officers Act of 1990". U.S. Congress. https://www.congress.gov/bill/101st-congress/house-bill/5687.
- ↑ "Consolidated Audit Program". U.S. Government Accountability Office. https://www.gao.gov/consolidated-audit-program.
- ↑ "GAO Grants and Contracts". U.S. Government Accountability Office. https://www.gao.gov/grants-and-contracts.