ANNOUNCING RELEASE OF GAO's 2005 FEDERAL
HIGH-RISK UPDATE

GAO's 2005 High-Risk Series: An Update will be released at a press
briefing at 11 a.m., January 25 in Room 342 Dirksen Senate Office
Building, featuring Senator Susan Collins, chairman and Joseph
Lieberman, RMM, of the Senate Committee on Homeland Security and
Governmental Affairs; Congressman Tom Davis, chairman of the House
Committee on Government Reform, Senator George Voinovich, Chairman, and
Daniel Akaka, RMM, of the Subcommittee on Oversight of Government
Management, the Federal Workforce, and the District of Columbia,
Committee of Homeland Security and Governmental Affairs; and Comptroller
General of the United States David M. Walker, head of the U.S.
Government Accountability Office (GAO).

The report is issued every 2 years and identifies areas at high risk
due to either their greater vulnerabilities to fraud, waste, abuse and
mismanagement, or major economy, efficiency, or effectiveness
challenges.

GAO is also posting to its website (www.gao.gov) information related to
the major management challenges identified in its January 2003
Performance and Accountability Series.  This material will be organized
by major agency and will include a list of relevant reports published
since January 2003.

The report and related information will be posted to GAO's website by
noon, Tuesday, January 25.

For more information, call Paul Anderson, GAO's managing director of
public affairs at 202-512-4800.

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