Government Ethics
HUD Financial Disclosure Reports Missing or Not Reviewed Gao ID: GGD-90-51 February 6, 1990Pursuant to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) financial disclosure system.
GAO found that HUD did not: (1) effectively collect and review financial disclosure statements from employees, experts, or consultants; (2) monitor regional compliance with confidential financial disclosure reporting requirements; (3) have formal written procedures for program implementation or sufficient management information or adequate staff to effectively manage the financial disclosure system; (4) hold its ethics official sufficiently accountable for developing an effective financial disclosure system; (5) adhere to regulations requiring its employees to file annual confidential disclosure statements by a specified date; (6) review and approve statements within 60 days of filing, as required; and (7) have procedures in place to identify and follow up on required filers.
RecommendationsOur 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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