Performance and Accountability Highlights Fiscal Year 2006 Page: 13 of 56
The following text was automatically extracted from the image on this page using optical character recognition software:
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-
Here’s what’s next.
This text can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Text.
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 February 19, 2019), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.