Consolidated Audit Program: Difference between revisions

|OrgSponsor=U.S. Government Accountability Office, Office of Management and Budget

|Purpose=The Consolidated Audit Program, administered by the U.S. Government Accountability Office (GAO) in partnership with the Office of Management and Budget (OMB) under the Executive Office of the President, provides a standardized framework, funding, and technical assistance to coordinate and streamline financial audits, compliance reviews, and risk assessments across federal agencies. It aims to enhance government-wide financial transparency, accountability, and efficiency by consolidating audit processes for entities like the Department of Defense, Department of Education, and Small Business Administration, available nationwide through shared audit protocols, data analytics, and interagency collaboration.

|Historic=false

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.<ref>{{cite web |url=https://www.gao.gov/consolidated-audit-program |title=Consolidated Audit Program |publisher=U.S. Government Accountability Office}}</ref> 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.