The Chief Financial Officer Act of 1990 establishes an office of federal financial management within the OMB,headed by a controller appointed by the President,establishes a chief financial officer position within each major federal department and agency,requires the development of a 5-year financial plan by OMB,and requires some federal agencies to provide audited financial statements.

Question

Quizplus · Accepted Answer

These are the requirements mandated by the CFO Act, as described in Chapter 11 under the caption "Director of the Office of Management and Budget."

The Chief Financial Officer Act of 1990 Establishes an Office