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GAO-22-105633 1 (2022-05-10)

handle is hein.gao/gaonbl0001 and id is 1 raw text is: GA'-OU.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Comptroller General Washington, DC 20548 of the United States May 10, 2022 The Honorable Janet Yellen Secretary of the Treasury U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 Priority Open Recommendations: Department of the Treasury Dear Madame Secretary: The purpose of this letter is to provide an update on the overall status of the U.S. Department of the Treasury's implementation of GAO's recommendations and to call your continued personal attention to areas where open recommendations should be given high priority.1 In November 2021, we reported that on a government-wide basis, 76 percent of our recommendations made 4 years ago were implemented.2 Treasury's implementation rate was 76 percent. As of May 2022, Treasury had 165 open recommendations, not including recommendations to the Internal Revenue Service (IRS), which are addressed in a separate letter to the Commissioner. We will send a copy of that letter to your office. Fully implementing these open recommendations could significantly improve Treasury's operations. Since our June 2021 letter, Treasury has implemented three of our 21 open priority recommendations. Specifically, Treasury has: Updated its strategy to help reduce erroneous payments of the Earned Income Tax Credit (EITC) to ineligible recipients, as we recommended in our April 2020 report. Implemented two recommendations from our August 2020 report for improving procedures for preparing the U.S. government's consolidated financial statements. 1Priority open recommendations are those that GAO believes warrant priority attention from heads of key departments or agencies. They are highlighted because, upon implementation, they may significantly improve government operations, for example, by realizing large dollar savings; eliminating mismanagement, fraud, and abuse; or making progress toward addressing a high-risk or duplication issue. 2GAO, Performance and Accountability Report: Fiscal Year 2021, GAO-22-4SP (Washington, D.C.: November 2021). GAO-22-105633 Treasury Priority Recommendations Page 1

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