Financial Management: Progress of OMB's Chief Financial Officer

In response to a congressional request, GAO reviewed the Office of Management and Budget (OMB) Chief Financial Officer's (CFO) progress in addressing his agenda of government financial management problems, including: (1) upgrading agency systems; (2) implementing standard systems; (3) reducing the number of agency systems through cross-servicing arrangements; (4) creating a council of federal financial managers; (5) establishing controllers in each agency; and (6) improving agency internal controls.