Home / Civilian / GAO Asks SEC to Improve Cross-Divisional Collaboration, Develop Training for Hiring Specialist

GAO Asks SEC to Improve Cross-Divisional Collaboration, Develop Training for Hiring Specialist

The Government Accountability Office has recommended the Securities and Exchange Commission authorize the SEC’s chief operating officer to reform cross-divisional collaboration and establish training for hiring specialist.

GAO said Thursday the SEC’s divisions lack communication and collaboration and the agency still operates in silos.

Other challenges auditors identified for the SEC include mechanisms to monitor how supervisors use performance management system, accountability, workforce and succession planning and performance management.

GAO also found limitations in the SEC’s staff training because the agency failed to identify skills gap among its hiring specialists.

“As a result, SEC lacks assurance that its hiring specialists have the necessary skills to hire and promote the most qualified applicants, in accordance with key principles of an effective control system,” GAO said.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.
 

Leave a Reply

Your email address will not be published. Required fields are marked *