Month: September 2026

U.S. Government — GAO — Reports & Decisions

Congressional Award Foundation: Review of the FY 2025 Financial Statement Audit

Published 4 min read

What GAO Found Based on the limited procedures GAO performed to review the performance of the independent public accountant’s (IPA) audit of the Congressional Award Foundation’s financial statements for fiscal year 2025, GAO did not identify any significant issues it believes require attention. Had GAO performed additional procedures, other matters related to the performance of…

U.S. Government — GAO — Reports & Decisions

Export-Import Bank: Expanded Use of Delinquent Federal Debt Data Could Better Mitigate Credit Risk

Published 4 min read

What GAO Found The Export-Import Bank of the United States’ (EXIM) loan guarantee transactions are approved by EXIM’s Board of Directors, staff with individual delegated authority, or delegated authority lenders. The underwriting process for loan guarantee transactions approved by EXIM includes several steps, such as screening applications for completeness, reviewing for minimal eligibility requirements, and…