Agencies struggle to deploy financial management systems 30 years after CFO Act

FedScoop: The 24 Chief Financial Officers Act agencies still struggle to meet federal requirements implementing financial management systems, despite making “significant progress” since the law’s enactment in 1990, according to the Government Accountability Office.

“Inadequate” project planning, requirements and oversight continue to hinder financial management system accountability, largely because the government lacks a long-term modernization plan, GAO found in a report released Thursday.

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