Assessing Implementation of the Financial Integrity Act: GAO Assists OMB

This article, which appeared in the GAO Review, Vol. 19, Issue 1, Winter 1984, discusses the assistance which GAO gives to the Office of Management and Budget (OMB) in reviewing the implementation of the Federal Managers' Financial Integrity Act. The GAO role in implementing the act involves the areas of: (1) establishing and maintaining internal control standards; (2) prescribing accounting standards; and (3) monitoring executive branch agencies' implementation of the act. A history of the act is given, the internal control evaluation process is described, and OMB task force observations are presented.