The significant estimated annual loss from fraud - ranging from $233 billion to $521 billion - reinforces the importance of fraud risk management, with an emphasis on prevention.
With additional data, more granular estimates, such as at the program level, are possible. With more targeted estimates, agencies would be better positioned to leverage this information to strategically manage fraud risk.
GAO estimated that the federal government in fiscal 2023 made $236 billion in improper payments, or payment errors, highlighting the ongoing challenges in financial oversight.
OMB disagreed with two GAO recommendations regarding disaster relief, arguing that agency leaders are responsible for oversight, despite GAO's insistence on clearer guidance.
[
Collection
]
[
|
...
]