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FPCD-77-14 1 (1977-01-26)

handle is hein.gao/gaobaabzc0001 and id is 1 raw text is: 



                          DOCUMENT RESUME
 00650 -- (A07510571
 An Improved Financial Disclosure System. FPCD-77-14; B-103987;
 B-180228. January 26, 1977. 15 pp.
 Report to the Congress; by Elver B. Staats, Comptroller General.

 Issue Area: Personnel Management and Compensation: Employee
     Conflicts of Interest (301).
 contact: Federal Personn.l and Compensation Div.
 Budget Function: General Goverunent: Central Personnel
     management (805); Natural Resources, Environment, and
     Energy: Energy (305).
 Organization Concerned: Energy Research and Development
     Administr ation.
 Congressional Relevance: House Committee on Science and
     Technology; Senate Committee on Interior and Insular
     Affairs; Congress.
 Authority: Energy Reorganization Act of 1974 (P.L. 93-438). 18
     X.S.C. 208. Executive Order 11222. 10 C.F.R. 0.735.

          The financial disclosure system of the Energy Research
 and Development Administration (ERDA) was examined to determine
 if the agency adequately reriewed financial lisclosue
 statements and detected and acted on any ae'parent or potential
 conflicts of interest. Findirgs/Conclusinns: ERDA's finaucial
 disclosure system is effective for detecting tnd resolving
 questionable financial interests held by employees, abd agency
 reviewers are detecting potential conflicts of interest. It
 appears that ERDA's regulations provide an adequate mechanism
 for avoiding conflicts in contracting with private industry for
 supplies and se vices. In some cases, employees have not been
 advised in writing of potential conflicts and necessary remedial
 action. Reviewing officials do not always report to the ethics
 counselor the results of efforts to resolve potential conflicts,
 and not all agency reviewing officials have taken action to
 insure that employees are disqualified from matters in which
 they have financial interests. In August 1976, ERDA issued new
regulations tightening standards of conduct and requiring more
information to be submitted in its financial disclosure system.
(RRS)

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