$4 million
Tue January 12th, 2016
114th Congress
Sponsor: Sen. Thomas Carper — D — DE
This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments. The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled "Framework for Managing Fraud Risks in Federal Programs." The financial and administrative controls shall include: conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; collecting and analyzing data from r...
Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.
×