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094435 1 (1971-03-11)

handle is hein.gao/gaobacujb0001 and id is 1 raw text is: 094435 ADDRESS BY THE CONPTROLLER GENERAL OF THE UNITED STATES EL4ER B. STAATS BEFORE THE FINANCIAL MANAGEMiT ROUIDTABLE Y I MARCH 11, 1971 ISSUES FACING FINANCIAL MANKAGERS IN THE SEVENTIES My remarks today might well be described as problems for the Seventies left over from the-Sixties as well as the problems emerging for the Seventies. As financial managers, we find ourselves in the position of the Members of Congress who have been advised by President Nixon that they have a long list of unfinished legislation carried over from the 91st Congress that must be acted upon in the 92nd Congress. Furthermore, the legislative and national policy problems that are going to be acted upon by the 92nd Congress and its successor Congresses during the Seventies will in turn create new and challenging problems to be solved by the financial managers in the Seventies. There is a real possibility, if not the certainty, that many new programs will be created requiring tremendous financial management attention. There is also the likelihood of certain major reorganizations within the Federal Government that will create acute problems for financial managers. As many of you know from your experiences, the budgeting, accounting, and reporting prob- lems are usually complex when agencies are merged with other agencies, or

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