Financial Disclosure

Navy's Public Disclosure System Generally Works Well but Can Be Improved Gao ID: NSIAD-89-194 July 27, 1989

Pursuant to a congressional request, GAO reviewed the Navy's implementation of the executive personnel financial disclosure system.

GAO found that: (1) the Navy and Marine Corps executive financial disclosure system was working well, with minor exceptions, and there was no evidence of any conflicts of interest; (2) the Navy and Marine Corps did not identify some potential conflicts of interest because some disclosure report reviewers did not search references on corporate affiliations to determine whether filers had a financial involvement with affiliates of Department of Defense contractors; and (3) two of the three offices involved in implementing the program did not evaluate management controls over the program as part of the Navy and Marine Corps Federal Managers' Financial Integrity (FMFIA) program.

Recommendations

Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.

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