The Congress and the Pres. need to have reliable,

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Fiscal Year 2007 U.S. Government Financial Statements: Sustained Improvement in Financial Management is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenge: Congressional Testimony

The Congress and the Pres. need to have reliable,

Our Price: $25.00

By Gene L. Dodaro (au)
Year: 2008
Pages: 41
Binding Paperback

Product Code: 1437906265

Description

The Congress and the Pres. need to have reliable, useful and timely financial and performance info. to make sound decisions on the current and future direction of fed. gov’t. programs and policies. Auditing agencies have been unable to provide assurance on the reliability of the consolidated financial statements of the U.S. gov’t. due to certain material weaknesses in the fed. gov’ts. internal control. Unless these weaknesses are addressed, they will: (1) hamper the fed. gov’ts. ability to reliably report a significant portion of its assets, liabilities, costs, and other related info.; and (2) affect the fed. gov’ts. ability to reliably measure the full cost as well as the financial and non-financial performance of certain programs and activities. Charts.

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