Federal Financial Management: Substantial Progress Made since the CFO Act of 1990 and Preliminary Observations on Opportunities for Enhancement

Abstract

Prior to the Chief Financial Officers Act of 1990, government reports found that agencies lost billions of dollars through fraud, waste, abuse, and mismanagement. This painted a picture of a government unable to properly manage programs or effectively provide services.The Act sought to address these problems with comprehensive federal financial management reform. Among other things, it established CFO positions, provided for long-range planning, and began the process of auditing agency financial statements. We testified about the substantial progress made to improve financial management since the Act, as well as areas needing additional work.

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Document Details

Document Type
Technical Report
Publication Date
Oct 30, 2019
Accession Number
AD1171564

Entities

People

  • Eugene Louis Dodaro

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber

DTIC Thesaurus Topics

  • Accountability
  • Business Administration
  • Congress
  • Department Of Defense
  • Disasters
  • Executives
  • Financial Management
  • Governments
  • Homeland Security
  • Information Security
  • Information Systems
  • Law
  • Management Personnel
  • Management Training
  • Money
  • National Governments
  • Personnel Management
  • President (United States)
  • Risk
  • Security
  • Standards
  • United States Government

Readers

  • Government Contracting/Procurement.
  • Systems Analysis and Design