U.S. Export-Import Bank: Views on Inspector General Oversight

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Correspondence issued by the General Accounting Office with an abstract that begins "GAO has supported the creation of independent inspector general (IG) offices in appropriate federal departments, agencies, and entities through the Inspector General Act of 1978. Under the act, the Export-Import Bank is not required to have IG offices but must report its annual audit and investigative activity to both the Office of Management and Budget and Congress. IG oversight of the Export-Import Bank could be established in several ways. First, the IG Act could be amended to establish an IG appointed either by the President or by the ... continued below

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United States. General Accounting Office. September 6, 2001.

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Description

Correspondence issued by the General Accounting Office with an abstract that begins "GAO has supported the creation of independent inspector general (IG) offices in appropriate federal departments, agencies, and entities through the Inspector General Act of 1978. Under the act, the Export-Import Bank is not required to have IG offices but must report its annual audit and investigative activity to both the Office of Management and Budget and Congress. IG oversight of the Export-Import Bank could be established in several ways. First, the IG Act could be amended to establish an IG appointed either by the President or by the Export-Import Bank Chairman. Also, an already existing IG office could provide independent audits and investigations of the bank. Finally, a memorandum of understanding, which acts as a contract for outside IG services and would not require an amendment to the IG Act, could be created. In the final analysis, the placement of IGs in specific agencies is a policy decision to be decided by Congress."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • September 6, 2001

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  • June 12, 2014, 7:50 p.m.

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United States. General Accounting Office. U.S. Export-Import Bank: Views on Inspector General Oversight, text, September 6, 2001; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc303050/: accessed November 21, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.