Financial Management: FFMIA Implementation Critical for Federal Accountability

Financial Management: FFMIA Implementation Critical for Federal Accountability PDF

Author:

Publisher:

Published: 2001

Total Pages: 0

ISBN-13:

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The inability to produce the data needed to efficiently and effectively manage the day-to-day operations of the federal government and provide accountability to taxpayers and the Congress has been a long-standing weakness at most federal agencies. The central challenge to producing reliable, useful, and timely data throughout the year and at year-end is overhauling financial and related management information systems. One of the key legislative underpinnings for addressing this issue is the Chief Financial Officers (CFO) Act of 1990. 1 The CFO Act calls for the modernization of financial management systems, including the systematic measurement of performance, the development of cost information, and the integration of program, budget, and financial information.

Financial Management

Financial Management PDF

Author: U S Government Accountability Office (G

Publisher: BiblioGov

Published: 2013-07

Total Pages: 68

ISBN-13: 9781289172770

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The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

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