[20200804]IF11610_联邦财务和预算报告：基础.pdf

https:/crsreports.congress.gov August 4, 2020Federal Financial and Budgetary Reporting: A PrimerIntroduction To improve the transparency and integrity of the federal government and its activities, Congress has established in law a still-evolving framework for budgetary and financial reporting. This In Focus outlines several categories of reporting and related statutory requirements for executive branch entities. Financial and budgetary reporting may help Congress, the President, and agency executives make better informed decisions about the allocation and use of government resources and guard against potential misuse and misapplication of such resources. Accordingly, the design and implementation of these laws may raise issues for Congress. Major Areas of Reporting Agency Audited Financial Statements Beginning in 1990, Congress has mandated that most executive branch agencies prepare annual audited financial statements and submit them to Congress and the director of the Office of Management and Budget (OMB) (31 U.S.C. 3515(a). At agencies with statutorily appointed inspectors general (IGs), these annual audits are to be directed by the agency IG, but in practice such audits are ty