FINANCIAL AND PERFORMANCE MANAGEMENT: More Reliable and Complete Information Needed to Address Federal Management and Fiscal Challenges

Abstract

To operate as effectively and efficiently as possible and to make difficult decisions to address the federal government's management and fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance information - both for individual federal entities and programs and for government as a whole. GAO is required to annually audit the consolidated financial statements of the U.S. government. In addition, GAO is required to periodically report on federal agencies' efforts to increase the use of performance information in government and to take a more crosscutting and integrated perspective on performance. This testimony presents the results of GAO's recent audits and reviews related to (1) the U.S. government's consolidated financial statements for fiscal year 2012, and (2) executive branch implementation of key provisions of the GPRA Modernization Act of 2010.

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Document Details

Document Type
Technical Report
Publication Date
Feb 10, 2013
Accession Number
AD1167232

Entities

People

  • Eugene Louis Dodaro
  • Gary T. Engel
  • J. Christopher Mihm
  • Robert F. Dacey

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Accountability
  • Business Administration
  • Commerce
  • Congress
  • Department Of Defense
  • Financial Management
  • Governments
  • Health Care
  • Law
  • Management Personnel
  • Money
  • National Governments
  • Organizational Structure
  • Payment
  • Personnel Management
  • President (United States)
  • Program Management
  • Security
  • Test And Evaluation
  • Training
  • United States
  • United States Government

Fields of Study

  • Business

Readers

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