Federal financial reform. Policy formulation to implementation: research into relationships between the president's management agenda scorecard, federal audited financial statements, and the GAO high risk list

Abstract

Congress enacted several laws in the 1990s directed at financial reform within the federal government. Numerous reports and systems have been developed to provide measures of agency success against the goals of these reforms. An analysis of trends and interrelationships between three of these major federal financial oversight systems is warranted. Through analysis of the President's Management Agenda Scorecard, Audited Federal Financial Statements, and Government Accountability Office High Risk List a framework will be developed that signals organization success with respect to these measures. This will further the identification of individual agencies which exhibit success or failure within this framework. Ultimately, it will help determine whether financial accountability is an indicator of performance and results in these federal financial systems.