Search Results: keywords:"audit effectiveness"

  • H. R. 7280 — An Act To require the Inspector General of the Department of Housing and Urban Development to testify before the Congress annually, and for other purposes.
    Status:Engrossed in House
    Words:311

    H. R. 7280, known as the “HUD Transparency Act of 2024,” requires the Inspector General of the Department of Housing and Urban Development to testify before Congress every year by October 1st. The testimony is to be presented to both the House Committee on Financial Services...

    Simple Explanation

    The HUD Transparency Act of 2024 is a plan that says the person in charge of checking money and projects at a big government housing department must talk to special groups in Congress every year to explain how they are stopping bad things from happening and making sure everything works well.

  • H. R. 10155 — To amend section 7504 of title 31, United States Code, to improve the single audit requirements.
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    Status:Introduced in House
    Words:922

    H.R. 10155, titled the “Financial Management Risk Reduction Act,” seeks to amend section 7504 of title 31, United States Code, to enhance single audit requirements for organizations handling federal funds. The bill adds provisions for monitoring audit compliance, mandating...

    Simple Explanation

    The "Financial Management Risk Reduction Act" is like a rule that makes sure everyone who uses a lot of money from the government gets checked to see if they're doing everything right. But they have to do this with the same money they already have, so it might be a little tricky.