General Accounting Office
Seal of the Government Accountability Office
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Logo of the Government Accountability Office
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 Flag of the Government Accountability Office |
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| Agency overview | |
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| Formed | July 1, 1921 |
| Headquarters | 441 G St., NW Washington, D.C. 20548 |
| Employees | 3,350 (2010) |
| Annual budget | $557 million (2011) |
| Agency executive | |
| Website | gao.gov |
| Footnotes | |
| Measurable benefits of GAO work total $49.9 billion, a return of $87 for every dollar invested; at the end of FY 2010, over 80% of the GAO recommendations made in FY 2006 had been implemented. | |
The Government Accountability Office (GAO) is a government agency that provides auditing, evaluation, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States.
The GAO was established as the General Accounting Office by the Budget and Accounting Act of 1921. The act required the head of the GAO to "investigate, at the seat of government or elsewhere, all matters relating to the receipt, disbursement, and application of public funds, and shall make to the President ... and to Congress ... reports [and] recommendations looking to greater economy or efficiency in public expenditures". According to the GAO's current mission statement, the agency exists to support the Congress in meeting its constitutional responsibilities and to help improve the performance and ensure the accountability of the federal government for the benefit of the American people.
The name was changed in 2004 to Government Accountability Office by the GAO Human Capital Reform Act to better reflect the mission of the office. While most other countries have government entities similar to the GAO, their focus is primarily on conducting financial audits. The GAO's auditors conduct not only financial audits, but also engage in a wide assortment of performance audits.
Over the years, the GAO has been referred to as "The Congressional Watchdog" and "The Taxpayers' Best Friend" for its frequent audits and investigative reports that have uncovered waste and inefficiency in government. News media often draw attention to the GAO's work by publishing stories on the findings, conclusions and recommendations of its reports. Members of Congress also frequently cite the GAO's work in statements to the press, congressional hearings, and floor debates on proposed legislation. In 2007 the Partnership for Public Service ranked the GAO second on its list of the best places to work in the federal government and Washingtonian magazine included the GAO on its 2007 list of great places to work in Washington, a list that encompasses the public, private, and non-profit sectors.
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