Managing for Results: Strengthening Financial and Budgetary Reporting
(Testimony, 07/11/95, GAO/T-AIMD-95-181).

For more than 20 years, GAO has been urging the development of more
timely, reliable, useful, and consistent information for managing and
assessment the government's finances.   During the past five years,
progress has been made toward these goals, including passage of the
Chief Financial Officers Act of 1990 and creation of the Federal
Accounting Standards Advisory Board.  During this period, many
professionals in budgeting, accounting, and management reporting have
sought to develop a vision for more effective and understandable
financial management reporting for the federal government.  This
testimony discusses the kinds of information and reports that this
vision will require. GAO also addresses how financial information and
audited financial statements can contribute to the budgetary debate as
well as help ensure accountability for achieving results and adequate
stewardship over federal resources and assets.  Finally, GAO discusses
efforts to inform the American taxpayers of the government's financial
condition.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-AIMD-95-181
     TITLE:  Managing for Results: Strengthening Financial and Budgetary 
             Reporting
      DATE:  07/11/95
   SUBJECT:  Financial management
             Financial management systems
             Accounting procedures
             Budgeting
             Financial records
             Oversight by Congress
             Fiscal policies
             Future budget projections
             Accrual basis accounting
             Reporting requirements
IDENTIFIER:  Social Security Program
             Medicare Program
             
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