Bridging the Gap

Financial institutions and markets provide essential services to the U.S. and global economies. However, weaknesses in federal oversight have contributed to the thrift and bank crises in the 1980s and the financial crisis experienced from 2007-2009. For example, the resolution of banks and thrifts during these crises cost federal bank and thrift insurance funds over $165 billion and resulted in unprecedented…

On August 20, 2021, Mr. Tanka Mani Sharma Dangal, Honorable Auditor General of Nepal, submitted the 58th report of the Auditor General to the Right Honorable President Mrs. Bidya Devi Bhandari, in accordance with the Constitution. President Bhandari thanked the Office of the Auditor General (OAG) for its efforts. The report presented…

The International Organization of Supreme Audit Institutions (INTOSAI) presented two awards at the XXII Congress in Abu Dhabi, United Arab Emirates. Named after those they honor—the Jörg Kandutsch Award and the Elmer B. Staats Award—recognize outstanding accomplishments by a Supreme Audit Institution (SAI) and individual achievement through contributions to the International Journal of Government Auditing…