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 2007-03-01 monographic deposited born digital 45 p. GA 1.13:GAO-07-542T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-542T P0b002ee180396e1b f:d07542t DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-07-542T machine generated eng fdlp REPORT GAOREPORTS-GAO-07-542T GAO-07-542T Accountability Accounting procedures Accounting standards Budget deficit Budget outlays Erroneous payments Federal legislation Financial management Financial management systems Financial records Fiscal policies Internal controls Performance management Policy evaluation Reporting requirements Financial reporting Testimony A66367 The foundation laid by the Chief Financial Officers Act of 1990 and other management reform legislation provided a much needed statutory basis to improve the accountability of government programs and operations. Such reforms were intended to produce reliable, timely, and useful financial information to help manage day-to- day operations and exercise oversight and promote fiscal stewardship. This testimony, based on GAO's prior work, addresses (1) the progress made and challenges remaining to improve federal financial management practices, and (2) the serious challenges posed by the government's deteriorating long-range fiscal condition and the Comptroller General's views on a possible way forward. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-542T/html/GAOREPORTS-GAO-07-542T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-542T/pdf/GAOREPORTS-GAO-07-542T.pdf GAO-07-542T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-542T Testimony GAO-07-542T; Federal Financial Management: Critical Accountability and Fiscal Stewardship Challenges Facing Our Nation; Accountability Accounting procedures Accounting standards Budget deficit Budget outlays Erroneous payments Federal legislation Financial management Financial management systems Financial records Fiscal policies Internal controls Performance management Policy evaluation Reporting requirements Financial reporting Volume 104 Page 2838 104 Stat. 2838 Volume 107 Page 285 107 Stat. 285 Volume 108 Page 3410 108 Stat. 3410 Volume 110 Page 186 Volume 110 Page 3009 110 Stat. 186 110 Stat. 3009 Volume 115 Page 1012 115 Stat. 1012 Volume 116 Page 2049 Volume 116 Page 2350 116 Stat. 2049 116 Stat. 2350 Volume 119 Page 3136 119 Stat. 3136 Public Law 107-300 Public Law 109-163