What is the primary role of the Government Accountability Office (GAO)?

Prepare for CGFM Exam 3 - Financial Management Functions with a comprehensive suite of questions and explanations. Perfect your knowledge with flashcards and multiple-choice questions to excel in your certification exam!

The primary role of the Government Accountability Office (GAO) is to audit government spending for efficiency and effectiveness. This involves examining how federal funds are spent, assessing whether programs and policies are achieving desired outcomes, and identifying opportunities for improvement. The work performed by the GAO is essential for ensuring accountability in the federal government's financial operations, which helps to enhance transparency and informs Congress and the public about the use of taxpayer dollars.

By conducting these audits and evaluations, the GAO provides valuable insights and recommendations that can lead to better management and resource allocation within the government. Their reports play a significant role in shaping policy decisions and promoting governmental integrity, ultimately serving the public interest.

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