Transition Series:

Financial Management Issues

OCG-89-7TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO summarized the key elements of financial management reform facing the new administration and Congress.

GAO found that the new administration will need to: (1) restructure the budget to include capital and operating subtotals for general, trust, and enterprise activities; (2) reformulate deficit reduction targets with the revised budget structure; (3) develop a biennial budgeting approach on macro budget levels with legislative and executive branch agreement to streamline the budget; (4) establish a chief financial officer to provide central leadership, policy direction, and oversight for federal financial management; (5) maintain effective internal controls among all government programs and operations; and (6) give greater attention to auditing accounting systems, financial data, and internal controls to assist inspector general efforts to prevent and detect fraud, waste, and abuse.

Jan 21, 2016

Jan 20, 2016

Jan 13, 2016

Jan 11, 2016

Jan 7, 2016

Jan 6, 2016

Dec 22, 2015

Dec 16, 2015

  • government icon, source: Eyewire

    State and Local Governments' Fiscal Outlook:

    2015 Update
    GAO-16-260SP: Published: Dec 16, 2015. Publicly Released: Dec 16, 2015.

Dec 10, 2015

Nov 19, 2015

Looking for more? Browse all our products here