Essay ON Government of Accountability
PLEASEEEEEEEEEEEEEE READ ALL RESOURCES FROM HERE AND ALL ATTACHMENTS.
The report will be on Government of Accountability
First, familiarize yourself with the basic understanding of the three branches of Government and how they operate.
You will need a functional understanding of the Branches, their roles and how they operate.
Next, by briefly browsing the web site presenting the Red Book for Principles of Federal Appropriations Law, observed by Federal Agencies, accessible at
Notice the references Generally Accepted Government Auditing Standards (GAGAS). For all Federal Agencies, the guide for audits and reporting on internal control is in the Yellow Book http://gao.gov/products/GAO-12-331G accessible as a pdf file at http://gao.gov/products/GAO-12-331G an electronic html version is available. Access the pod cast overview of the Yellow Book at http://www.gao.gov/multimedia/podcasts/656740 (transcript provided).
The Federal Government also presents Standard for Internal Control as the Green Book at
Review information about the Revised Federal Financial Management System Requirements for Fiscal Reporting by accessing the web pages at
Review this web site as an overview of Bureau of the Fiscal Service of the U.S. Department of the Treasury, delivering central payment services to Federal Program Agencies, managing federal government’s collections and deposit systems, providing government-wide accounting and reporting services.
Review this web site to learn more about the numerous applications that the Fiscal Service provides. This includes central accounting and financial reporting for government as a whole, debt collection, accounting systems, collections and other systems.
Learn about the Current Statutory Framework for Federal Financial Reporting and Recent Legislation – highlights specific Federal Agency issues and accomplishments related to Federal Financial Management as you access the web site
“The Chief Financial Officers Act of 1990—20 Years Later: Report to the Congress and the Comptroller General” presents 33 pages explaining the CFO Act and Financial Management Systems for the Federal Government
Review the 27 page “Federal Financial Reporting: An Overview” to build your common body of knowledge (CBOK) on Federal Financial management and Accounting Issues.
Read the 25 page “The Federal Budget: Issues for FY2014 and Beyond” to learn about the Budget Cycle.
Read the 8 page “Overview of the Budget” to consider the topic of agency budget process including formulation. https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/assets/a11_current_year/a11_2017/s10.pdf
Read the 4 page “Section 15: Basic Budget Laws” (OMB A-11) to learn about the budget cycle.
Read the 6 page explanation “The Congressional Budget Process: A Brief Overview”
Learn more about financial expectations and reporting; read pages 1 through 16 of the 186 page document OMB Circular No. A-136, Financial Reporting Requirements (updated) presented by The Office of Management and Budget (OMB), with the Chief Financial Officers Council (CFOC), updating existing OMB guidance for agency and government-wide financial reporting.
Review the brief web page presentation and click on links about the Federal Budget Process https://budget.house.gov/
Briefly review the GAO web site “Principles of Federal Appropriations Law”, also known as the Red Book at
66 page document irrelevanthttps://www.gpo.gov/fdsys/pkg/BILLS-107hr3763enr/pdf/BILLS-107hr3763enr.pdf
Learn more about the federal budget process at https://www.usa.gov/budget
To learn more about the Office of Management and Budget (OMB) by viewing the list of links at the web page
Learn more about the Federal (FASAB) by briefly reviewing the list of resources at the web site http://www.fasab.gov/resources/ and reading the first paragraph at the web site http://www.fasab.gov/about-aapc/ as a summary of the mission of the Accounting and Auditing Policy Committee (AAPC)