Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
Book Description
CFO Act Financial Audits
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
Book Description
15 years of the CFO Act
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Government Management, Finance, and Accountability
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 68
Book Description
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 68
Book Description
CFO Act financial audits programmatic and budgetary implications of Navy financial data deficiencies : report to the Chairman, Committee on the Budget, House of Representatives
Author:
Publisher: DIANE Publishing
ISBN: 1428975349
Category :
Languages : en
Pages : 44
Book Description
Publisher: DIANE Publishing
ISBN: 1428975349
Category :
Languages : en
Pages : 44
Book Description
President's Council on Integrity and Efficiency
Author: President's Council on Integrity and Efficiency (U.S.)
Publisher:
ISBN:
Category : Corruption investigation
Languages : en
Pages : 120
Book Description
Publisher:
ISBN:
Category : Corruption investigation
Languages : en
Pages : 120
Book Description
Financial Management: Extending the Financial Statements Audit Requirement of the CFO Act to Additional Federal Agencies
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
Book Description
I am pleased to be here today to assist the Subcommittee in its consideration of H.R. 4685, a bill to amend title 31 of the United States Code to expand the number of federal agencies that are required to prepare audited financial statements. As currently proposed, the Chief Financial Officers (CFO) Act audit requirement would be expanded to executive branch agencies that have budget authority of $25 million or more and are not already required to have financial statements audits. Agencies subject to CFO Act audit requirements are also subject to the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA). FFMIA builds on the CFO Act by emphasizing the need for agencies to have systems that can generate timely, accurate, and useful information with which to make informed decisions on an ongoing basis.
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
Book Description
I am pleased to be here today to assist the Subcommittee in its consideration of H.R. 4685, a bill to amend title 31 of the United States Code to expand the number of federal agencies that are required to prepare audited financial statements. As currently proposed, the Chief Financial Officers (CFO) Act audit requirement would be expanded to executive branch agencies that have budget authority of $25 million or more and are not already required to have financial statements audits. Agencies subject to CFO Act audit requirements are also subject to the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA). FFMIA builds on the CFO Act by emphasizing the need for agencies to have systems that can generate timely, accurate, and useful information with which to make informed decisions on an ongoing basis.
CFO Act Financial Audits
Author: DIANE Publishing Company
Publisher: DIANE Publishing
ISBN: 9780788128738
Category : Business & Economics
Languages : en
Pages : 56
Book Description
Reports on the reliability of the Navy's FY 1994 consolidated financial reports so that the Navy and the Defense Finance and Accounting Service can improve the credibility of the Navy's financial reports starting with those prepared for FY 1995. Furthermore, this report will enhance their ability to prepare reliable annual financial statements for the Navy, beginning with FY 1996. Charts and tables.
Publisher: DIANE Publishing
ISBN: 9780788128738
Category : Business & Economics
Languages : en
Pages : 56
Book Description
Reports on the reliability of the Navy's FY 1994 consolidated financial reports so that the Navy and the Defense Finance and Accounting Service can improve the credibility of the Navy's financial reports starting with those prepared for FY 1995. Furthermore, this report will enhance their ability to prepare reliable annual financial statements for the Navy, beginning with FY 1996. Charts and tables.
The CFO Act and the Army Audit
Author: United States. Congress. Senate. Committee on Governmental Affairs
Publisher:
ISBN:
Category : History
Languages : en
Pages : 236
Book Description
Publisher:
ISBN:
Category : History
Languages : en
Pages : 236
Book Description
Financial Management
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289158262
Category :
Languages : en
Pages : 30
Book Description
GAO discussed the implementation of the Chief Financial Officers Act (CFO). GAO noted that: (1) the benefits of CFO-required financial statement audits include more accurate and useful information on the government's financial status and operations, greater understanding of internal control and financial management system problems, savings of resources, and improvement in management's accountability; (2) CFO requirements should be extended to all federal agencies and broadened to include internal controls and compliance with laws and regulations; (3) Congress should require the government to produce a composite financial statement that reports on government operations as a whole; (4) the benefits of preparing and auditing government financial statements far outweigh the costs of implementing CFO requirements; (5) the Office of Management and Budget's (OMB) leadership and capacity to carry out its broad management mandate is critical to successful CFO implementation; (6) the ongoing OMB reorganization will affect its CFO and other management responsibilities; (7) the key to successful CFO implementation depends on government appointments of skilled and knowledgeable chief financial officers and well-qualified financial management personnel; and (8) the Federal Accounting Standards Advisory Board is working diligently to improve federal agency financial reporting.
Publisher: BiblioGov
ISBN: 9781289158262
Category :
Languages : en
Pages : 30
Book Description
GAO discussed the implementation of the Chief Financial Officers Act (CFO). GAO noted that: (1) the benefits of CFO-required financial statement audits include more accurate and useful information on the government's financial status and operations, greater understanding of internal control and financial management system problems, savings of resources, and improvement in management's accountability; (2) CFO requirements should be extended to all federal agencies and broadened to include internal controls and compliance with laws and regulations; (3) Congress should require the government to produce a composite financial statement that reports on government operations as a whole; (4) the benefits of preparing and auditing government financial statements far outweigh the costs of implementing CFO requirements; (5) the Office of Management and Budget's (OMB) leadership and capacity to carry out its broad management mandate is critical to successful CFO implementation; (6) the ongoing OMB reorganization will affect its CFO and other management responsibilities; (7) the key to successful CFO implementation depends on government appointments of skilled and knowledgeable chief financial officers and well-qualified financial management personnel; and (8) the Federal Accounting Standards Advisory Board is working diligently to improve federal agency financial reporting.
Final Report
Author: President's Council on Integrity and Efficiency (U.S.). Task Force on Improved Financial Management and Implementation of the Chief Financial Officers Act
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 122
Book Description
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 122
Book Description
Chief Financial Officers Act Compliance and Financial Management in the Department of Commerce
Author: United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
Book Description