Historically, three entities have had oversight responsibilities for financial management,
including budgeting, accounting and financial reporting, within the federal government: the Office
of Management and Budget (OMB) and the Department of the Treasury (Treasury) in the executive
branch, and the Government Accountability Office (GAO) in the legislative branch.

Question

Quizplus · Accepted Answer

The Answer is True

Historically, Three Entities Have Had Oversight Responsibilities for Financial Management