Audit Guides To Review Implementation of the Federal Managers' Financial Integrity Act:
The Second Year
AFMD-84-77: Published: Aug 21, 1984. Publicly Released: Aug 21, 1984.
- Full Report:
The Federal Managers' Financial Integrity Act focused attention on the need to strengthen internal controls and required agencies to periodically evaluate internal control systems and report annually on their systems' status. GAO prepared audit guidelines for internal use and to apprise the Office of Management and Budget and Inspectors General of the key areas on which it will focus audits and which it believes need to be stressed to achieve compliance with the act. In addition, the audit guides provide for a comprehensive assessment of agencies' progress in implementing the act and improving their internal control and accounting systems.