Capture Treasury's $186B Improper Payment Compliance via Automated PIIA Reporting Platform
- Organization
- U.S. Department of the Treasury
- Sector
- Treasury Department programs with 10%+ improper payment rates (specific program directors and financial management officers)
- Location
- United States
Source reference
Executive summary
Current state
GAO's final report identifies seven federal agencies with programs exceeding 10% improper payment rates for consecutive years, requiring them to submit program integrity proposals to OMB under PIIA compliance, while highlighting OMB's regulatory gap in failing to explicitly direct reporting to GAO and Congress.
Market catalyst
Treasury has statutory obligation under PIIA to submit program integrity proposals to OMB for programs with 10%+ improper payment rates for consecutive years, but lacks operational capacity to efficiently generate these compliance documents, creating a perfect vacuum for automated compliance-as-a-service.
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