Federal Financial Management: Critical Accountability and Fiscal Stewardship Challenges Facing Our Nation
Aug 2007 · DIANE Publishing Inc.
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Statement of David Walker, Comptroller Gen. of the U.S. The foundation laid by the Chief Financial Officers Act of 1990 & other mgmt. reform legislation provided a much needed statutory basis to improve the accountability of gov¿t. programs & operations. Such reforms were intended to produce reliable, timely, & useful financial information to help manage day-to-day operations & exercise oversight & promote fiscal stewardship. This testimony addresses: (1) the progress made & challenges remaining to improve fed. financial mgmt. practices; & (2) the serious challenges posed by the government¿s deteriorating long-range fiscal condition & Walker¿s views on a possible way forward. Includes recommendations. Charts & tables.
Statement of David Walker, Comptroller Gen. of the U.S. The foundation laid by the Chief Financial Officers Act of 1990 & other mgmt. reform legislation provided a much needed statutory basis to improve the accountability of gov¿t. programs & operations. Such reforms were intended to produce reli...
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