CFO Council Releases Study: “Agency Implementation of Payment Recovery Audit Requirements”

The Chief Financial Officers Council (CFOC) recently completed a study entitled “Agency Implementation of Payment Recovery Audit Requirements.”  This report was prepared in accordance with the Improper Payments Elimination and Recovery Act of 2012 (IPERA, P.L. 112-248). This report consists primarily of review and analysis of Agency Financial Reports (AFRs) or Performance and Accountability Reports (PARs), a survey completed by all 24 CFO Act agencies, and a review of improper payment literature.  It examines the implementation of IPERA payment recovery audit requirements, as well as the costs and benefits of payment recovery audit activities.