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GAO Reports – Drinking Water, Financial Regulation, IRS Information Security

  • Drinking Water: EPA Needs to Collect Information and Consistently Conduct Activities to Protect Underground Sources of Drinking Water, GAO-16-281: Published: Feb 26, 2016. Publicly Released: Mar 28, 2016: “The Environmental Protection Agency (EPA) has not collected specific inspection and complete or consistent enforcement information, or consistently conducted oversight activities, to assess whether state and EPA-managed Underground Injection Control (UIC) class II programs are protecting underground sources of drinking water. EPA guidance calls for states and EPA regions to report certain information and for EPA to assess whether programs are effectively protecting underground sources of drinking water, but the agency does not.”
  • Financial Regulation: Complex and Fragmented Structure Could Be Streamlined to Improve Effectiveness, GAO-16-175: Published: Feb 25, 2016. Publicly Released: Mar 28, 2016: “The U.S. financial regulatory structure is complex, with responsibilities fragmented among multiple agencies that have overlapping authorities. As a result, financial entities may fall under the regulatory authority of multiple regulators depending on the types of activities in which they engage (see figure on next page). While the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) made a number of reforms to the financial regulatory system, it generally left the regulatory structure unchanged.”
  • Information Security: IRS Needs to Further Improve Controls over Financial and Taxpayer Data, GAO-16-398: Published: Mar 28, 2016. Publicly Released: Mar 28, 2016: “An underlying reason for these weaknesses is that IRS has not effectively implemented elements of its information security program. The agency had a comprehensive framework for its program, such as assessing risk for its systems, developing security plans, and providing employees with security awareness and specialized training. However, aspects of its program had not yet been effectively implemented.”

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