High-Risk Series: Key Practices to Successfully Address High-Risk Areas and Remove Them from the List, Report to Congressional Committees [open pdf - 6MB]
From the Highlights: "This report discusses key practices for successfully addressing federal programs and operations vulnerable to waste, fraud, abuse, or mismanagement, or in need of transformation. Since the inception of GAO [Government Accountability Office]'s High-Risk List in 1990, GAO has removed more than 40 percent of the areas on the list in response to demonstrated progress. Five practices, which align with GAO's criteria for removal from the list, have led to this progress and contributed to billions of dollars in savings. Federal financial benefits due to progress in addressing high-risk areas during the past 16 years (fiscal years 2006 through 2021) totaled more than $626 billion. This report explains the relationship between the key practices and significant improvements to reduce risks. The examples of progress in this report can serve as a guide for federal action to successfully address areas that remain on the High-Risk List."
Government Accountability Office: https://www.gao.gov/