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Implementing the Chief Financial Officers Act and the Government Performance and Results Act in the Federal Government
Author(s) -
Jones L. R.,
McCaffery Jerry L.
Publication year - 1997
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.01091
Subject(s) - legislation , government (linguistics) , executive branch , incentive , accounting , public administration , business , reform act , finance , financial management , financial statement , economics , political science , audit , legislature , law , philosophy , linguistics , microeconomics
The Chief Financial Officers Act of 1990 and the Government Performance and Results Act of 1993, along with other legislation passed by Congress, are stimulating major financial management reform in the federal government. This article evaluates reform implementation against nine criteria developed in previous research on this topic. The criteria are accounting system adequacy, congressional intent, ability of Congress to use financial statement data, executive branch implementation incentives, capability of the Office of Management and Budget, utility of financial statements for decision making, use of performance measures in budgeting, coordination of federal organizations charged with implementation responsibility, and executive and congressional support for reform.