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Financial Management: Fostering the Effective Implementation of Legislative Goals

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Report Type Reports and Testimonies
Report Date June 18, 1998
Report No. T-AIMD-98-215
Subject
Summary:

Financial management reform legislation, such as the 1990 Chief Financial Officers Act and the 1996 Federal Financial Management Improvement Act, have established a broad-based set of expectations for improving financial management in the government, including producing reliable financial reports, generating sound cost and performance information, fixing weaknesses in systems and controls, and building effective financial management organizations. This testimony discusses ways that Congress can help ensure that federal agencies effectively implement such laws.

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