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AICPA supports CFO act amendment.

The American Institute of CPAs has expressed enthusiastic support for an amendment to the Chief Financial Officers Act of 1990 cosponsored by Congressman John Conyers (D-Mich.), chairman of the Committee on Government Operations, and Congressman Frank Horton (R-N.Y.), ranking minority member of that committee.

The amendment would remove a provision that prohibits federal funding for the CFO act. The provision was instituted by Congressman Jamie Whitten (D-Miss.), chairman of the House Appropriations Committee.

In a letter to House colleagues requesting support for their amendment, Conyers, Horton and four other cosponsors said, "The CFO act, if implemented, will make the federal government run better, plain and simple. It is good government, and it makes good sense. An arbitrary attempt to prohibit the expenditure of funds needed for this effort should not be allowed to stand."
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Publication:Journal of Accountancy
Date:Aug 1, 1991
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