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OCG-84-3 1 (1984-08-24)

handle is hein.gao/gaobabesy0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES




Implementation Of The Federal Managers'

Financial Integrity Act: First Year




GAO recently issued reports on each of 22 federal
agencies' implementation of the Federal Managers'
Financial Integrity Act. The act is intended to help
reduce fraud, waste, and abuse in the federal
government through annual assessments by each
agency of its internal control and accounting systems

GAO concluded that the agencies satisfactorily
began their assessments, that they have demon-
strated a strong management commitment to
implementing the act, but that each agency needs
to improve the quality of its self-assessments

In their first annual statements, agencies disclosed
internal control and accounting system material
weaknesses that need prompt attention The
:reported weaknesses covered the spectrum of
government functions and programs

Agencies must begin developing and implementing
comprehensive plans to correct these weaknesses
and thus realize the potential for saving billions of
taxpayer dollars. Correction of the problems is the
bottom line of the act and will require a sustained
high-priority commitment





      Eui S7,                                                  125049



52 ;i           U                                              GAO/OCG-84-3
                                                            AUGUST 24. 1984


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