Federal Audit Act

The Federal Audit Act is U.S. legislation that aims to ensure proper financial practices and accountability in federal agencies. It mandates regular audits of federal expenditures to verify that taxpayer money is spent legally and effectively. By establishing standards for audits and requiring independent reviews, the Act helps detect and prevent fraud, waste, and misuse of funds. This contributes to transparency and public trust in government financial operations, ensuring that agencies are held accountable for their fiscal responsibilities.