DATA ACT: OMB, Treasury, and Agencies Need to Improve Completeness and Accuracy of Spending Data and Disclose Limitations, Report to Congressional Addressees [open pdf - 6MB]
"The DATA Act [Digital Accountability and Transparency Act] requires agencies to increase the types and transparency of over $3.7 trillion in annual federal spending data, and requires OMB [Office of Management and Budget] and Treasury to establish data standards to enable the reporting and tracking of agency spending. Consistent with GAO's [Government Accountability Office] mandate under the act, this assessment is GAO's first review of the quality of the data collected under the act that agencies reported beginning in May 2017 and made available through Beta.USAspending.gov, a website currently under development by Treasury. Specifically, this report examines (1) the completeness, timeliness, accuracy and quality of the data and use of data standards; and (2) the consistency of the Beta.USAspending.gov website with selected standards for federal websites. GAO analyzed a sample of second quarter fiscal year 2017 data, projectable to the 24 CFO Act [Chief Financial Officers] agencies, from a database that populates Beta.USAspending.gov and traced them back to agency source records. GAO also compared the data and functionality of this website with selected federal website standards. [...] GAO makes two recommendations to OMB regarding technical assistance and clarifying guidance to help ensure agencies fully comply with DATA Act requirements and report data completely and accurately; and four recommendations to Treasury, including disclosing known data quality issues on its website. OMB and Treasury generally agreed with our recommendations."
Government Accountability Office: http://www.gao.gov/