Federal Financial Management: Substantial Progress Made Since Enactment of the 1990 CFO Act; Refinements Would Yield Added Benefits

Abstract

Prior to enactment of the CFO Act, federal agencies lost billions of dollars through fraud, waste, abuse, or mismanagement. The CFO Act was enacted, in part, to address these problems - calling for comprehensive federal financial management reform. Among other things, the act established CFO positions, provided for long-range planning, and began the process of auditing federal agency financial statements. The act also called for integrating accounting and financial management systems, and systematic performance measurement and cost information.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 2020
Accession Number
AD1130839

Entities

People

  • Eugene Louis Dodaro

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Business Administration
  • Congress
  • Covid-19
  • Data Analysis
  • Department Of Homeland Security
  • Employment
  • Federal Budgets
  • Financial Management
  • Government Procurement
  • Information Systems
  • Law
  • Management Personnel
  • Money
  • National Politics
  • Organizational Structure
  • Personnel Management
  • Public Administration
  • Reliability
  • Social Media
  • Teamwork
  • United States
  • United States Government

Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.