What Every Federal CFO Needs to Know

What Every Federal CFO Needs to Know
If you’ve just joined government with the Trump administration, welcome to the chief financial officers community. No need to worry if your knowledge of accounting is limited. Some of the most effective CFOs are not CPAs.

You might be surprised to learn that your position is relatively new. CFOs have existed only since passage of the 1990 Chief Financial Officers Act, which established the positions of CFO (a political appointee) and deputy CFO (a career civil servant) in the 24 largest federal agencies. The law also required agencies to upgrade their financial management systems and, for the first time, have their financial statements independently audited. Some audits are performed by the Government Accountability Office, but most are performed by an accounting firm designated by the agency’s inspector general, with a few performed by the inspector general him or herself.

Read the full article on Government Executive

Latest News

Dog tags, possible remains of WWII soldier found on island

08/18/2017

A New York military aviation researcher got more than she bargained for on a dream trip to a battle-scarred South Pacific island — the chance to help solve the mystery of an American soldier  Read More

Air Force Adds Lockheed to $499M Aerospace Platform R&D Contract

08/18/2017

Lockheed Martin (NYSE: LMT) has won a spot on a potential eight-year, $499 million contract from the U.S. Air Force. Read More

Spacewalking cosmonauts release 3-D-printed satellite

08/18/2017

Researchers want to see how parts made with a 3-D printer weather the space environment. Read More

Navy awards contract for future Marine base on Guam

08/18/2017

The U.S. Navy awarded a contract Friday for utility construction and site improvements for a future Marine Corps base on Guam. Read More

General Dynamics Subsidiary Awarded $115M for Navy Submarine Design, Devt Studies

08/17/2017

A General Dynamics (NYSE: GD) subsidiary has received a $115.3 million contract modification to perform additional lead yard services, development studies and design support for the U.S. Navy‘s Virginia-class attack submarines.  Read More

571-348-1160

Have questions?
Give us a call!

Call

38° 44' 2.632"N
-77° 11' 55.86"E

7426 Alban Station Boulevard, Suite B218
Springfield, VA 22150

Directions

Contact

Want to start a dialog?
Email us.

Mail