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.

Dec 22, 2014

Dec 18, 2014

Dec 17, 2014

  • government icon, source: Eyewire

    State and Local Governments' Fiscal Outlook:

    2014 Update
    GAO-15-224SP: Published: Dec 17, 2014. Publicly Released: Dec 17, 2014.

Dec 3, 2014

Nov 14, 2014

Nov 13, 2014

Nov 12, 2014

Oct 31, 2014

Oct 30, 2014

Oct 27, 2014

Looking for more? Browse all our products here