Financial Management:

Effective Implementation of FFMIA Is Key to Providing Reliable, Useful, and Timely Data

GAO-02-791T: Published: Jun 6, 2002. Publicly Released: Jun 6, 2002.

Additional Materials:

Contact:

Sally E. Thompson
(213) 830-1065
contact@gao.gov

 

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

The Federal Financial Management Improvement Act (FFMIA) of 1996 ensures that agency financial management systems routinely provide reliable and timely financial information on the investment of resources, reduced costs and programs oversight. Although many agencies are receiving unqualified opinions on their financial statements, auditor determinations of FFMIA compliance are lagging. To achieve the financial management improvements envisioned by the Chief Financial Officers Act, FFMIA, and more recently, the President's Management Agenda, agencies need to modernize their financial systems to generate reliable, useful, and timely financial information throughout the year and at year-end.

Oct 13, 2020

Oct 7, 2020

Sep 30, 2020

Sep 9, 2020

Aug 25, 2020

Aug 6, 2020

Jun 17, 2020

Jun 10, 2020

Jun 8, 2020

Looking for more? Browse all our products here