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Fraud & Oversight
Rooting Out Waste, Fraud, & Abuse in the States
$28 Billion Safeguarded in 2025
State financial officers are the frontline defenders of taxpayer dollars. Through strong oversight and fiduciary responsibility, SFOF members:
- Protected $28+ billion in state funds
- Stopped $5.7 billion in waste, fraud, and abuse
- Oversaw $22.3 billion in earnings and unclaimed property returned to citizens
- Help oversee $1.5 trillion in public funds nationwide
What Is Waste, Fraud & Abuse?
- Waste: Inefficient or careless spending
- Fraud: Intentional deception for financial gain
- Abuse: Misuse of authority or public funds
Without oversight, these problems grow. With strong financial leadership, they are exposed and stopped.
Americans recognize that waste, fraud, and abuse are driving up costs—our poll confirms it.
Why It Matters
Every dollar lost to waste or fraud is a dollar taken from taxpayers—and one that could have lowered costs, strengthened communities, or delivered real results. State financial officers lead the charge, conducting audits to ensure public dollars are used lawfully and responsibly.
SFOF leaders recently testified on Capitol Hill to make a key point: accountability is essential to restoring trust and affordability.
Report Suspected Fraud
See something concerning in your state or local government? Help protect taxpayer dollars.
