Truth in Government Efficiency Reform Act of 1989

Summary

Title I: Title and Statement of Findings - Truth in Government Efficiency Reform Act of 1989 - Sets forth congressional findings with respect to inadequacies of the financial management systems of the Federal Government. Title II: Declaration of Purposes - Declares that the purpose of this Act is to require the establishment and maintenance of an effective Federal financial management structure. Part A: Development of an Integrated Financial Management System - Revises current provisions of Federal law on accounting principles, standards, and requirements. Requires the Comptroller General to establish an Accounting and Financial Management Advisory Board. Requires the Secretary of the Treasury to develop and maintain a Government-wide five-year financial management plan to improve the financial management of the Federal Government. Part B: Financial Reporting and Audits - Sets forth reporting requirements for Federal agencies with respect to financial operations. Provides for audits of financial statements. Part C: Establishment of Agency Chief Financial Officers - Specifies the Federal agencies in which there shall be appointed an agency chief financial officer to be responsible for financial management activities.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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