**GAO-04-650G**                      Published: Jun 01, 2004. Publicly Released: Jun 01, 2004.                  

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## Highlights

This publication supersedes GAO-04-218G, Acquisition/Financial Systems Interface Requirements: Checklist for Reviewing Systems under the Federal Financial Management Improvement Act (Exposure Draft), December 2003. The Federal Financial Management Improvement Act of 1996 (FFMIA) requires that agencies implement and maintain financial management systems that substantially comply with federal financial management system requirements. These requirements are described in detail in the Office of Management and Budget's (OMB) guidance and in the Federal Financial Management System Requirements series issued by the Joint Financial Management Improvement Program (JFMIP). JFMIP intends for its requirements series to promote understanding of key financial management systems concepts and requirements, to provide a framework for establishing integrated financial management systems that support program and financial managers, and to describe specific requirements of financial management systems.

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## Topics

Auditing and Financial Management

Accounting standardsFederal procurementFinancial managementFinancial management systemsProcurement planningProcurement policyReporting requirementsAcquisition managementSystem requirementsAuditors