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How did the Chief Financial Officers Act of 1990 change federal financial management?
It created a new organizational structure for financial management, it encouraged the development of new and compatible accounting systems, and it required new forms of reporting.
How is coordination of financial management functions with the various federal agencies effected?
Pursuant to the Chief Financial Officers Act of 1990, a deputy director for management was established within the OMB to coordinate financial management functions with the various federal agencies
What was the third major provision of the Sarbanes-Oxley Act?
SOx has changed the Legal Landscape. The following are major provisions to the act: • Creation of a Public Company Accounting Oversight Board • New Roles for Audit Committees and Auditors • Criminal Penalties • Protection for Whistleblowers • Financial Reporting and Auditing Process changes • Certification by CEO and CFO
What provision did the Chief Financial Officers Act of 1990 make for heightened management priorities and centralized primary accountability?
the statutory appointment by the president of a deputy director for management to report directly to the director of OMB. This individual, one of two deputy directors at OMB, is the chief financial officer of the United States
What provision of the Chief Financial Officers Act of 1990 fosters organizational uniformity in management operations facilitates coordination of federal financial management?
the designation of CFOs and deputy CFOs for fourteen cabinet departments and eight major agencies of the executive branch
With what responsibilities are agency CFOs entrusted under the Chief Financial Officers Act of 1990?
directing the design of agency financial management systems and enhancement projects as well as overseeing assets management systems that encompass cash management, debt collection
What is the financial overview of the US government?
The financial overview of the US government should be in accordance with the Chief Financial Officer Act.
In 1958 what is the Career Compensation Act of 1949?
It designated chief petty officers as paygrade E-7 instead of paygrade 1.
What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?
The Sarbanes-Oxley Act of 2002 requires a chief financial officer (CFO) to personally certify the accuracy and completeness of financial reports submitted to the Securities and Exchange Commission (SEC). This includes ensuring that the financial statements are free of material misstatements and that the company has established adequate internal controls over financial reporting. Failure to comply can result in significant penalties, including fines and imprisonment. The act aims to enhance corporate governance and accountability in the wake of accounting scandals.
Who is the chief minister of ACT in Australia?
The chief minister for the ACT is Jon Stanhope.
Who are Protection Officers under Domestic Voilence Act in India?
Who are Protection Officers are Public Servants under DV Act in india.
Does federal law require DoD to use certifying officers?
Yes, federal law requires the Department of Defense (DoD) to use certifying officers as part of its financial management and accountability framework. The requirement is established under the Antideficiency Act and related regulations, which mandate that certifying officers ensure the legality and appropriateness of obligations and expenditures. Their role is crucial in preventing unauthorized spending and maintaining the integrity of the DoD's financial operations.
