Audited Financial Statements in the US Federal Government: The Question of Policy and Management Utility
Brook, Douglas A.
MetadataShow full item record
The Chief Financial Officers Act and subsequent legislation require federal agencies to produce corporate-style financial statements. Arguments for financial statements drew on private sector analogies and suggested policy makers and managers would use the information to make better public policy and management decisions and improve accountability for financial management and program performance. Nearly all major government agencies have unqualified audit opinions and improvements in financial management are claimed. But benefits for policy making and management are not yet well understood. This paper examines the question by comparison with the private sector and by examining what agencies say about the uses and users of financial statement information. The emerging challenge in the evolution of federal financial reporting is to develop better government-specific analytical tools and other financial information for policy makers and managers.
The article of record as published may be found at http://dx.doi.org/10.1108/JPBAFM-25-01-2013-B007
Showing items related by title, author, creator and subject.
Naval Postgraduate School Center for Homeland Defense and Security (CHDS) (Monterey, California. Naval Postgraduate SchoolCenter for Homeland Defense and Security, 2009-01);January 2009. In this issue of Homeland Security Affairs we offer one essay that outlines some of the important homeland security issues of 2008 and a set of essays that describes a potentially significant change in the ...
Naval Postgraduate School Center for Homeland Defense and Security (CHDS) (Monterey, California. Naval Postgraduate SchoolCenter for Homeland Defense and Security, 2005-06);June 2005. We are pleased to present the inaugural issue of Homeland Security Affairs. The primary goal of the journal is to be the academic publication that furthers the discussion and debate of important elements that ...
Berg, Benjamin D. (Monterey, California. Naval Postgraduate School, 2008-12);The Coast Guard has had significant success conducting response operations during major contingencies. And yet, mission execution has been buoyed and supported in an ad hoc fashion by the logistics and financial management ...