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 $3+ trillion in public funds nationwide

 

This is accountability in action.

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.

Why It Matters

 

Every dollar lost to waste or fraud is a dollar taken from taxpayers.
State financial officers conduct audits, strengthen internal controls, increase transparency, and hold agencies accountable — ensuring public money is used lawfully and responsibly.

Report Suspected Fraud

 

See something concerning in your state or local government? Help protect taxpayer dollars.

SFOF 2025 Oversight Report

SFOF 2025 Oversight Report