Financial Management: Implementation of the Federal Financial Management Improvement Act of 1996
AIMD-98-1
Published: Oct 01, 1997. Publicly Released: Oct 01, 1997.
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Highlights
Pursuant to a legislative requirement, GAO provided information on: (1) the requirements of the Federal Financial Management Improvement Act (FFMIA) of 1996; (2) efforts under way to implement the act; (3) challenges that agencies face in achieving full compliance with those requirements; and (4) the status of federal accounting standards.
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Topics
Accounting proceduresFederal agency accounting systemsFinancial management systemsFinancial recordsFinancial statement auditsFinancial statementsStandards evaluationAccounting standardsFinancial managementRegulatory noncompliance