[Federal Register Volume 68, Number 105 (Monday, June 2, 2003)]
[Notices]
[Page 32796]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-13611]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Treasury Financial Management Advisory Committee (TFMAC)

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of intent to establish.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury proposes to establish an 
advisory committee for financial management. The purpose of this 
committee is to provide oversight and recommendations regarding the 
Department's financial reporting process, management controls, audit 
process, process for monitoring compliance with laws and regulations, 
and its business conduct policies. This committee is one of six 
cabinet-level agency committees that the Joint Financial Management 
Improvement Program (JFMIP) has targeted to pilot the financial 
management committee concept at the agency level in the Federal 
government. The TFMAC will perform duties similar to an audit committee 
in the private sector. TFMAC members will review, analyze, and make 
recommendations on any matters within its scope of responsibility 
including the Department's annual audit, management controls, 
significant risks, performance of the auditors with respect to the 
audit of the Departmental financial statements, and major changes to 
the Treasury's auditing and accounting principles and practices as 
suggested by the auditors or management.

FOR FURTHER INFORMATION CONTACT: Stuart Levy, Designated Federal 
Official, (202) 622-1355 (not a toll free number).

    Dated: May 27, 2003.
Stuart Levy,
Designated Federal Official.
[FR Doc. 03-13611 Filed 5-30-03; 8:45 am]
BILLING CODE 4811-16-P