Recovery Accountability and Transparency Board: The Recovery Accountability and Transparency Board was created by the American Recovery and Reinvestment Act to coordinate and conduct oversight of funds distributed under this law in order to prevent fraud, waste and abuse. The Board includes a Chairman, Earl E. Devaney, appointed by the President, and ten Inspectors General specified by the Act. The Board has a series of functions and powers to assist it in the mission of providing oversight and promoting transparency regarding expenditure of funds at all levels of government. Quarterly and annual reports on the use of Recovery Act funds and any oversight matters will be issued as part of the Board’s work. The Board may also make recommendations to agencies on measures to avoid problems and prevent fraud, waste and abuse. To address issues quickly, the Board may send Flash reports to the President and Congress on potential management and funding problems that require immediate attention. The Board is also charged under the Act with establishing and maintaining a user friendly website, Recovery.gov, to foster greater accountability and transparency in the use of covered funds.