Analysis contributes to better management
Before 1999, most agencies that are required to comply with the Chief Financial Officers Act received less than unqualified opinions on their annual financial statement audits. Furthermore, most took more than three months to produce those “less-than-pristine” financial statements.
Fast forward to 2006, when 19 of 24 CFO Act agencies received clean opinions on their statements and all produced their statements within 45 days after the end of the fiscal year.
Perhaps we should close the government and have a huge block party to celebrate. I think not.
Read More Article...
Before 1999, most agencies that are required to comply with the Chief Financial Officers Act received less than unqualified opinions on their annual financial statement audits. Furthermore, most took more than three months to produce those “less-than-pristine” financial statements.
Fast forward to 2006, when 19 of 24 CFO Act agencies received clean opinions on their statements and all produced their statements within 45 days after the end of the fiscal year.
Perhaps we should close the government and have a huge block party to celebrate. I think not.
Read More Article...
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