United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-10-01 monographic deposited born digital 77 p. GA 1.13:GAO-02-29 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-29 P0b002ee18039d936 f:d0229 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-02-29 machine generated eng fdlp REPORT GAOREPORTS-GAO-02-29 GAO-02-29 Accountability Financial management systems Internal controls Strategic planning Other Written Product A02088

Effective management of the day-to-day operations of the federal government are hampered by a lack of necessary data. The accountability to taxpayers and Congress has been a long-standing weakness at most federal agencies. The challenge is to produce reliable, useful, and timely data throughout the year. Then, at year-end, to overhaul financial and related management information systems. The Chief Financial Officers (CFO) Act of 1990, calls for the modernization of financial management systems, including the systematic measurement of performance, the development of cost information, and the integration of program, budget, and financial information. The Federal Financial Management Improvement Act of 1996 (FFMIA) emphasizes the need for agencies to have systems that generate timely, accurate, and useful information with which to make informed decisions and to ensure accountability on an ongoing basis. Auditors for 19 of the 24 CFO Act agencies reported that their agencies' financial management systems did not comply substantially with certain FFMIA requirements, compared to 21 agencies reported as not being substantially compliant for 1999, and the auditors for five CFO Act agencies reported no instances in which the agencies' systems did not substantially comply with FFMIA. These auditors, however, did not definitively state whether the agencies' financial management systems substantially complied with FFMIA. FFMIA requires agencies to prepare remediation plans to overcome financial management systems problems. These plans have improved over the fiscal year 1998 plans; however, further enhancements are needed. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-29/html/GAOREPORTS-GAO-02-29.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-29/pdf/GAOREPORTS-GAO-02-29.pdf GAO-02-29 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-29 Other Written Product GAO-02-29; Financial Management: FFMIA Implementation Critical for Federal Accountability; Accountability Financial management systems Internal controls Strategic planning Title 31 Section 3512 31 U.S.C. 3512 Volume 96 Page 814 96 Stat. 814 Volume 104 Page 2838 104 Stat. 2838 Volume 107 Page 285 107 Stat. 285 Volume 114 Page 1654 114 Stat. 1654 Public Law 97-255 Public Law 101-576 Public Law 103-62 Public Law 104-208 Public Law 106-398