2.2: Financial Information
Increase Reliability of Financial Information Other Information:
Twenty-one of the twenty-four Chief Financial Officers (CFO) Act agencies received a clean opinion in 2010 while operating
in an increasingly complex reporting environment and under stricter audit standards. This is the highest number of clean opinions
the Federal government has achieved since the passage of the CFO Act. Federal agencies must implement rigorous financial management
disciplines to ensure that Federal funds are appropriately accounted for and wisely spent. Agency financial statements are
audited each year to help maintain accountability for taxpayer dollars. In addition to achieving this milestone, the number
of auditor-identified materials weaknesses stands at 38, a 40 percent decline from 2001.
Indicator(s):
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