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1993 Federal Financial Management Status Report issued.

The Office of Management and Budget (OBM) released its 1993 Federal Financial Management Status Report and Five-Year Plan, as required by the Chief Financial Officers Act of 1990.

The report and plan cover seven key areas of financial management: accountability standards, financial management organization, financial management personnel, financial systems, management controls, asset management and audited financial reporting. The document also includes data, available for the first time, on the status of 878 agency financial management systems and discusses new governmentwide policies on financial systems.

As the next reporting cycle begins, OMB says it will focus on developing a strategic plan for financial management that incorporates the results of Vice-President Al Gore's National Performance Review (see story beginning on page 13), along with the agency's efforts to rethink how it does business.

For a copy of this year's report, write Executive Office of the President, Publication Services, New Executive Office Building, Room 2200, 727 17th Street, N.W., Washington, D.C. 20503, or call (202) 395-7332.
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Article Details
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Nov 1, 1993
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