Employee Financial Disclosure

Farm Credit Administration System Is Generally Operating Effectively Gao ID: GGD-90-115 September 27, 1990

Pursuant to a congressional request, GAO determined whether the Farm Credit Administration's (FCA) financial disclosure system safeguarded against conflicts between employees' financial interests and their federal duties.

GAO found that: (1) FCA significantly improved its financial disclosure system the Office of Government Ethics reported in January 1985 that its system was inadequate; (2) FCA appointment of an alternate designated ethics official improved the administration of the disclosure system; (3) FCA improved its procedures for identifying employees required to file public and confidential disclosure reports; (4) employees generally filed public and confidential reports on or before the required due dates, and 345 of the 354 employees designated to file 1989 confidential reports did so; (5) FCA improved the timeliness of its reviews of public and confidential disclosure reports; and (6) FCA needs to publish more specific information on circumstances that could result in conflicts of interest under ethics regulation.

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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