Small Business Administration's First-Year Implementation of the Federal Managers' Financial Integrity Act

摘要

GAO reviewed the processes used by 22 executive agencies to implement the Federal Managers' Financial Integrity Act of 1982. The act was intended to help reduce fraud, waste, and abuse across the spectrum of federal government operations by requiring agencies to assess and report annually on the adequacy of their internal controls and accounting systems. This report highlights the progress made and problems encountered by SBA in its first year of experience with this new act. The report focuses on SBA's evaluation of internal controls, reviews of accounting systems, and the improvements it is making as a result of identified problems.