Air Force"s progress in implementing the Federal Managers" Financial Integrity Act
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Air Force"s progress in implementing the Federal Managers" Financial Integrity Act report to the Secretary of the Air Force by United States. General Accounting Office

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Published by The Office in Washington, D.C .
Written in English

Subjects:

  • United States. -- Air Force -- Management,
  • Finance, Public -- United States,
  • Accounting -- Law and legislation -- United States

Book details:

Edition Notes

Other titlesFederal Managers" Financial Integrity Act
Statementby the U.S. General Accounting Office
The Physical Object
Pagination40 p. ;
Number of Pages40
ID Numbers
Open LibraryOL14899762M

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Federal Managers' Financial Integrity Act of Our review was part of a governmentwide assessment of the act's first-year implementation. The Air Force has made progress in the first year. Its effort is impressive considering the scope of the Air Force's program . Managers’ Financial Integrity Act of GAO’ S first review of the act’ s im- plementation has been characterized as a “learning experience.” Many new, innovative approaches were required Jeffrey C. Steinho ff Mr SteInhoff is the deputy associate director in the Accounttng and Flriancial Management. Get this from a library! Navy's progress in implementing the Federal Managers' Financial Integrity Act: report to the Secretary of Navy. [United States. General Accounting Office.] -- GAO reviewed the Navy's efforts to implement and comply with the Federal Managers' Financial Integrity Act, focusing on: (1) the Navy's progress in implementing its program for evaluating internal. P.L. -- (H.R. ) Federal Managers Financial Integrity Act of September 8, An Act to amend the Accounting and Auditing Act of to require ongoing evaluations and reports of the adequacy of the systems of internal accounting and administrative control of each executive agency, and for other purposes.

Authority: This Circular is issued under the authority of the Federal Managers' Financial Integrity Act (FMFIA) of as codified in 31 U.S.C. , and the Government Performance Results Act. The purpose of the Federal Financial Management Improvement Act of (FFMIA) is to advance Federal financial management by ensuring that Federal financial management systems provide accurate, reliable, and timely financial management information to the government’s managers. The intent and the requirements of this Act go well beyond the directives of the CFO Act and the .   The Federal Managers’ Financial Integrity Act (FMFIA) requires agencies to establish internal control and financial systems that provide reasonable assurance of achieving the three objectives of internal control, which are: Effectiveness and efficiency of operations; Compliance with regulations and applicable laws; and. Federal Managers' Financial Integrity Act. Which task is not a step in the implementation of the Management Control Program (MCP) process? statement of assurance. Which Air Force management level must maintain adequate documentation of the Management Control Program (MCP) activity? oversees the progress for completion of self-inspections.

5. The implementing guidance for the Federal Managers’ Financial Integrity Act can be found in OMB Circular A, “Management’s Responsibility for Internal Control.” 6. Paperwork Reduction Act, Pub L. No. , section (d). 7. 36 CFR Subchapter B – Records Management. 8. E-Government Act of , Pub L. No. , section The Federal Managers’ Financial Integrity Act (FMFIA) of provides the statutory basis for management’s responsibility for, and assessment of, internal controls. the Army, created the Department of the Air Force, and unified command of the Military Federal Managers’ Financial Integrity Act (FMFIA) of – requires ongoing evaluations and reports requires agencies to report on progress in implementing financial and administrative controls. In summary, DOD has made progress in implementing the Financial Integrity Act. In order to have a fully satisfactory program departmentwide, improvements are needed in certain areas, some of which are highlighted in this report. Details of these and other areas needing attention are presented in our.