Performance and Accountability Highlights Fiscal Year 2006 Page: 13 of 56
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GAO Performance and Accountability Highlights 2006
of the benefit, and we can claim finan-
cial benefits over multiple years based on
a single agency or congressional action.
To ensure conservative estimates of net
financial benefits, reductions in operat-
ing cost are typically limited to 2 years
of accrued reductions. Multiyear reduc-
tions in long-term projects, changes in
tax laws, program terminations, or sales
of government assets are limited to 5
years. In general, estimates come from
non-GAO sources and are reduced by
any identifiable offsetting costs. These
non-GAO sources are typically the
agency that acted on our work, a con-
gressional committee, or the Congressio-
nal Budget Office.
To document financial benefits, our staff
complete reports documenting accom-
plishments that are linked to specific
products or actions. All accomplishment
reports for financial benefits are docu-
mented and reviewed by (1) another
GAO staff member not involved in the
work and (2) a senior executive in charge
of the work. Also, a separate unit, our
Quality and Continuous Improvement
office, reviews all financial benefits and
approves benefits of $100 million or
more, which amounted to 96 percent of
the total dollar value of benefits recorded
in fiscal year 2006. Our Office of Inspec-
tor General (IG) also performed an
independent review of accomplishment
reports claiming benefits of$100 million
or more in fiscal year 2006. Figure 2 lists
several of our major financial benefits
for fiscal year 2006 and briefly describes
some of our work contributing to finan-
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United States. Government Accountability Office. Performance and Accountability Highlights Fiscal Year 2006, text, January 30, 2007; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc295188/m1/13/: accessed December 9, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.