Progress Under the Joint Program to Improve Accounting in the Federal Government

This report was prepared jointly by staffs of the General Accounting Office, Treasury Department, and Bureau of the Budget for heads of the three agencies. It is the second report on progress being made, under the leadership of these agencies, in bringing about improvements in the Government's accounting and financial reporting. The first part is a general statement on progress in broad perspective. The second part describes developments in significant areas; for example: new fiscal legislation, improvements and simplification in central accounting and related requirements, cooperative work with individual agencies, more effective methods of auditing, etc. The appendix illustrates the cooperative work which has been and is being done with individual agencies of the Government in finding solutions to their special problems and improving their particular accounting systems.