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130050 1 (1986-06-04)

handle is hein.gao/gaobactsh0001 and id is 1 raw text is: U.S. GENERAL ACCOUNTING OFFICE WASHINGTON, D. C. 20548 FOR RELEASE ON DELIVERY EXPECTED 9:30 A.M. EDT WEDNESDAY, JUNE 4, 1986 STATEMENT OF CHARLES A. BOWSHER COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE HOUSE GOVERNMENT OPERATIONS COMMITTEE ON THE GOVERNMENT FACES SERIOUS INTERNAL CONTROL AND ACCOUNTING SYSTEMS PROBLEMS Mr. Chairman and members of the committee, I am pleased to appear today to discuss the government's efforts to improve its internal control and accounting systems under the Federal Managers' Financial Integrity Act. Your hearing today on this act is particularly timely. As a result of the persistently hiah federal deficits, we have entered an era of budgetary constraint, and we are now confronted with many hard choices. However, we lack reliable systems to ensure that we have the information necessary to make important Judgments and to ensure that our decisions can be effectively implemented. Implementation of this act is essential if we are to have the systems necessary to qet the most for every dollar we spend and thereby enhance the public's confidence in its government. Mr. Chairman, as I testified before you 2 years ago, your sponsorship of the Integrity Act was a major step toward achievina two primary objectives: first, recuiring federal managers to evaluate annually their internal control and accounting systems, and publicly report on the status of their completed and planned improvements; and second, providing an incentive for managers to correct long-standing weaknesses through increased manager accountability. IQ3 )() - C

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