Chief Financial Officers Act of 1990 (CFO Act)Financial Integrity Actinternal controlsstatistical reportsSummary This chapter examines how the Office of Management and Budget (OMB) has issued Circular A-123, defining management's responsibility for internal control in federal agencies. OMB Circular A-...
Financial management information produced as a result of the CFO Act and its use by federal government agencies, the OMB and Congress. In 1990, Congress passed the Chief Financial Officers Act. This law committed federal government agencies to the production of accrual basis, business-like... WK...
There is a network of experienced acquisition professionals at GSA dedicated to each CFO Act agency. They are further supported by a larger network of customer service representatives located around the country (and world!). In this example, CMS reached out to their GSA national account representat...
It is likely that in many contexts federal agencies, the OMB and Congress will not be able or willing to use the accrual data in the manner intended by CFO Act proponents. However, the dissertation research shows that some governmental operations were improved by the application of accrual ...
OMB's established scoring criteria address the fundamental aspects of sound financial management and are geared toward achievement of the goals envisioned in the Chief Financial Officers (CFO) Act. Seven of the nine current status scoring criteria (yellow criteria) are objective and verifiable using ...