Status Of Open Recommendations

Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.

GAO reported on the conclusions and recommendations resulting from its audits and other reviews of federal departments and agencies. GAO provided summary information on the status of all recommendations that have not been fully implemented in the areas of national security, international affairs, community and economic development, natural resources, human resources, justice, general government, and financial and information management for use in congressional review of budget requests.