Citation Edit

Government Accountability Office, Data Transparency: Oversight Needed to Address Underreporting and Inconsistencies on Federal Award Website (GAO-14-476) (June 30, 2014) (full-text).

Overview Edit

The Federal Funding Accountability and Transparency Act of 2006 was enacted to increase the transparency over the more than $1 trillion spent by the federal government on awards annually. Among other things, the act requires OMB to establish a website that contains data on federal awards (e.g., contracts and grants) and guidance on agency reporting requirements for the website,

GAO's objectives were to determine the extent to which (1) agencies report required award data and (2) the data on the website are consistent with agency records. To improve the reliability of information on the website, GAO recommended that the Director of OMB (1) clarify guidance on reporting award information and maintaining supporting records, and (2) develop and implement oversight processes to ensure that award data are consistent with agency records. GAO also recommends that the Chief Executive Officer of the Millennium Challenge Corporation report its award information, as required.

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