P.L. 97-255
-- (H.R. 1526)
Federal
Managers Financial Integrity Act of 1982
September 8, 1982
An Act to amend
the Accounting and Auditing Act of 1950 to require ongoing evaluations
and reports of the adequacy of the systems of internal accounting
and administrative control of each executive agency, and for other
purposes.
Be it enacted
by the Senate and House of Representatives of the United States
of America in Congress assembled,
Sec.1.
This Act may be cited as the "Federal Managers' Financial Integrity
Act of 1982".
Sec.2.
Section 113 of the Accounting and Auditing Act of 1950 (31 U.S.C.66a)
is amended by adding at the end thereof the following new subsection:
(d) (1) (A) To ensure compliance with the requirements of subsection
(a)(3) of this section, internal accounting and administrative controls
of each executive agency shall be established in accordance with standards
prescribed by the Comptroller General, and shall provide reasonable
assurances that --
(i) obligations and costs are in compliance with applicable law
(ii) funds, property, and other assets are safeguarded against waste,
loss, unauthorized use, or
misappropriation; and
(iii) revenues and expenditures applicable to agency operations
are properly recorded and accounted for to permit the preparation
of accounts and reliable financial and statistical reports and to
maintain accountability over the assets.
(B) The standards prescribed by the Comptroller General under
this paragraph shall include standards to ensure the prompt resolution
of all audit findings.
(2) By December
31, 1982 the Director of the Office of Management and Budget,
in consultation with the Comptroller General, shall establish
guidelines for the evaluation by agencies of their systems of
internal accounting and administrative control to determine such
systems' compliance with the requirements of paragraph (1) of
this subsection. The Director, in consultation with the Comptroller
General, may modify such guidelines from time to time as deemed
necessary.
(3) By December 31, 1983, and by December 31 of each succeeding
year, the head of each executive agency shall, on the basis of
an evaluation conducted in accordance with guidelines prescribed
under paragraph (2) of this subsection, prepare a statement --
(A) that the agency's systems of internal accounting and administrative
control fully comply with the requirements of paragraph (1); or
(B) that such systems do not fully comply with such requirements.
(4) In the
event that the head of an agency prepares a statement described
in paragraph (3)(B), the head of such agency shall include with
such statement a report in which any material weaknesses in the
agency's systems of internal accounting and administrative control
are identified and the plans and schedule for correcting any such
weakness are described.
(5) The statements and reports required by this subsection shall
be signed by the head of each executive agency and transmitted to
the President and the Congress. Such statements and reports shall
also be made available to the public, except that, in the case of
any such statement or report containing information which is --
(A) specifically
prohibited from disclosure by any provision of law; or
(B) specifically
required by Executive order to be kept secret in the interest of
national defense or the conduct of foreign affairs,
such information shall be deleted prior to the report or statement
being made available to the public".
Sec.3.
Section 201 of the Budget and Accounting Act, 1921 (31 U.S.C.11),
is amended by adding at the end thereof the following new subsection:
(k) (1) The
President shall include in the supporting detail accompanying each
Budget submitted on or after January 1, 1983, a separate statement,
with respect to each department and establishment, of the amounts
of appropriations requested by the President for the Office of Inspector
General, if any, of each such establishment or department.
(2) At the
request of a committee of the Congress, additional information concerning
the amount of appropriations originally requested by any office
of Inspector General, shall be submitted to such committee".
Sec.4.
Section 113(b) of the Accounting and Auditing Act of 1950 (31
U.S.C.66a(b)), is amended by adding at the and thereof the following
new sentence: "Each annual statement prepared pursuant to
subsection (d) of this section shall include a separate report
on whether the agency's accounting system conforms to the principles,
standards, and related requirements prescribed by the Comptroller
General under section 112 of this Act.".
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