$OX for federal agencies

Article Abstract:

The US Office of Management and Budget (OMB) on December 21, 2004 issued a memo to federal agency CFOs, COOs, CIOs and program managers announcing revised Circular No. A-123, Management's Responsibility for Internal Control. The OMB revisions are an effort to help ensure that federal agencies' fiduciary responsibilities for public funds are fulfilled by strengthening requirements related to evaluating, documenting and reporting on internal controls.

United States. Office of Management and Budget, Government financial institutions

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Measuring governmental performance-the accountants weigh in

Article Abstract:

As per the Governmental Accounting Standards Board (GASB) Statement 34, strides have been taken to make accountability statements useful to more readers. GASB's take on performance management called Service Efforts and Accomplishments (SEA) is a worthwhile project in implementing performance-based budgeting.

Governmental Accounting Standards Board

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Should financial reporting standards be established for budget reports in the public sector?

Article Abstract:

The primary objective was to determine if an International Public Sector Accounting Standard (IPSAS) should be issued on budget reporting. Recommendations on the various aspects of budget formulation, execution, and reporting for application in United States are highlighted.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Financial Regulation & Reporting, Budget, Financial disclosure, Federal budget

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