Identifies High-Risk Federal Fund Programs

Government Audit and Accountability of Federally Funded State-Administered Programs Act This bill requires the Government Accountability Office to report on federally funded state-administered programs (including programs subject to federal single audit requirements) that are at high risk for waste, fraud, and abuse. Specifically, the report mustidentify program areas and administrative practices that make such programs systematically vulnerable to waste, fraud, and abuse; assess best practices that strengthen the administration of federally funded programs and prevent such vulnerabilities; identify federal tools, resources, and assistance to address vulnerability patterns; andinclude recommendations for addressing high-risk program areas and administrative practices.

1. The bill requires a list of programs that are at high risk for misusing federal funds. 2. The Comptroller General must submit this list to Congress every two years. 3. The list will include recommendations for improving program integrity and reducing fraud. 4. It will assess best practices that have successfully protected federal funds in the past. 5. The bill relies on existing audits and reports to identify these high-risk areas.