what are the major functions that report to cfo
Chief Financial Officer (CFO) Report. This section contains the annual CMS financial statements as required under the Chief Financial Officers (CFO) Act of 1990 (P.L. 101-576). The CFO Act marked a major effort to improve U.S. Government financial management and accountability. In pursuit of this goal, the CFO Act instituted a new Federal financial management structure and process modeled on private sector practices.