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GAO-03-848R 1 (2003-06-16)

handle is hein.gao/gaobaamfv0001 and id is 1 raw text is: i ,A- G A 0 Comptroller General ----Accountability * Integrity * Reliability of the United States United States General Accounting Office Washington, DC 20548 June 16, 2003 The Honorable Todd R. Platts Chairman Subcommittee on Government Efficiency and Financial Management Committee on Government Reform House of Representatives Subject: Responses to Posthearing Questions Related to GAO's Testimony on the U.S. Government's Consolidated Financial Statements for Fiscal Year 2002 Dear Mr. Chairman: On April 8, 2003, I testified before your subcommittee at a hearing on our report on the U.S. government's consolidated financial statements for fiscal year 2002.' This letter responds to questions related to our testimony from you and the Ranking Minority Member and to subsequent questions from the Vice Chairman that you asked us to answer for the record. The questions and my responses follow. Question from Chairman Platts 1. What is the status of the financial management systems modernization effort, agency by agency? At a meeting with subcommittee counsel and staff on April 16, we agreed on an approach based primarily on available data sources and an end-of-June time frame for separately providing this information. We will compile a list of the 24 Chief Financial Officers (CFO) Act agencies' core financial systems along with key data related to each system, such as whether it is a commercial off-the-shelf system. We will identify the status of agencies' plans to acquire new core financial systems and whether any mixed financial systems at the agencies are slated to be updated. 'U.S. General Accounting Office, Fiscal Year 2002 U.S. Government Financial Statements: Sustained Leadership and Oversight Needed for Effective Implementation of Financial Management Reform, GAO-03-572T (Washington, D.C.: Apr. 8, 2003). The fiscal year 2002 Financial Report of the United States Government, issued by the Department of the Treasury on March 31, 2003, is available through GAO's Web site at www.gao.gov and Treasury's Web site at wvw.fms.treas.gov/fr/index.html. GAO-03-848R CFS Posthearing Questions Page 1

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