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August 7, 2014 By AMK

Federal agencies falling short in providing accurate, complete federal award data, GAO says

Information about grants and loans found on a federal awards website isn’t as reliable as it should be, said congressional investigators, adding that greater oversight is needed.

The Government Accountability Office said agencies provided incomplete and inaccurate information about such assistance awards — totaling about $619 billion — on USASpending.gov, a publicly accessible website designed to improve transparency and accountability on federal spending.

However, GAO noted in its report released Aug. 1 that agencies largely provided complete information about awarded government contracts.

Keep reading this article at: http://www.fiercegovernmentit.com/story/federal-agencies-falling-short-providing-accurate-complete-federal-award-da/2014-08-03

Filed Under: Government Contracting News Tagged With: contract award, FFATA, GAO, OMB, USASpending

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