FY 2016 Government-wide Improper Payment Rate

The FY 2016 government-wide improper payment rate is 4.67 percent.  This represents an increase from the FY 2015 publically reported government-wide rate of 4.39 percent.  This FY 2016 figure corresponds to an improper payment dollar amount of $144.4 billion, which is also an increase over the FY 2015 publically reported government-wide dollar amount of $136.9 … Continued

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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 … Continued

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