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OMB Circular A-123
OMB Circular A-123 is a US Office of Management and Budget (OMB) Government circular that defines the management responsibilities for internal controls in Federal agencies. It was first issued in 1981 by OMB's Office of Federal Financial Management and underwent numerous updates through 2016. The Circular is addressed to all federal chief financial officers, chief information officers, and program managers. The most current circular update (2016) was signed by then-director Shaun Donovan Shaun Lawrence Sarda Donovan (born January 24, 1966) is an American government official and housing specialist who served as the 15th United States secretary of housing and urban development from 2009 to 2014, and Director of the US Office of M .... The 2004 update to Circular A-123 is a re-examination of the existing internal control requirements for Federal agencies and was initiated in light of the new internal control requirements for publicly traded companies contained in the Sarbanes-O ...
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Government Circular
A government circular is a written statement of government policy. It will often provide information, guidance, rules, and/or background information on legislative A legislature (, ) is a deliberative assembly with the legal authority to make laws for a political entity such as a country, nation or city on behalf of the people therein. They are often contrasted with the executive and judicial powers ... or procedural matters. See also * List of circulars ReferencesCirculars , The White House Government statements Government publications {{gov-stub ...
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United States Office Of Management And Budget
The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). The office's most prominent function is to produce the president's budget, while it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives. Russell Vought is the current director of the OMB since February 2025. History The Bureau of the Budget, OMB's predecessor, was established in 1921 as a part of the United States Department of the Treasury, Department of the Treasury by the Budget and Accounting Act of 1921, which President Warren G. Harding signed into law. The Bureau of the Budget was moved to the Executive Office of the President of the United States, Executive Office of the President in 1939 and was run by Harold D. Smith during the government's rapid expansion of spending during World War II. James L. Sundquist, a staffer at the B ...
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United States Office Of Federal Financial Management
The Office of Federal Financial Management (OFFM) is a component of the United States Office of Management and Budget (OMB), which is part of the Executive Office of the President of the United States (EOP). The President of the United States appoints the controller, who serves as the chief officer of OFFM. The current acting OFFM Controller is John C. Pasquantino. Organization OFFM is made up of two branches: the Management Controls and Assistance Branch and the Accountability, Performance and Reporting Branch. Mission and responsibilities OFFM's mission is to support the effective and transparent use of Federal financial resources. OFFM's responsibilities includes implementing the financial management priorities of the President, establishing government-wide financial management policies of executive agencies and carrying out the financial management functions of the CFO Act of 1990. OFFM's priorities include transparency and data management, shared services, real property, i ...
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Chief Financial Officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data. The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO, and FD is the level before reaching CFO. Legal requirement The ...
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Shaun Donovan
Shaun Lawrence Sarda Donovan (born January 24, 1966) is an American government official and housing specialist who served as the 15th United States secretary of housing and urban development from 2009 to 2014, and Director of the US Office of Management and Budget from 2014 to 2017. Prior to that, he was the Commissioner of the New York City Department of Housing Preservation and Development from 2004 to 2009 under Mayor Michael Bloomberg. In February 2020, he filed paperwork to run for Mayor of New York City in the Democratic primary in 2021, which was ultimately won by Eric Adams. In 2023, he was named President and CEO of Enterprise Community Partners, a housing non-profit. Early life and education Born in New York, to parents Michael and Martha, Donovan grew up on the Upper East Side and attended the Dalton School in Manhattan.
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Government Documents Of The United States
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ...
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