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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 21 December 2004. The Circular is addressed to all federal chief financial officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...s, chief information officers, and program managers. The most current circular update (2016) was signed by then-director Shaun Donovan. 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 th ...
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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 or procedural matters. See also *List of circulars {{short description, None This is a list of Circulars, distributed documents. Government publications *Government circular, a written statement of government policy ** Chamberlain Circular, a circular issued in 1886 in the United Kingdom encouragi ... 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). OMB's most prominent function is to produce the president's budget, but it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives. Shalanda Young became OMB's acting director in March 2021, and was confirmed by the Senate in March 2022. History The Bureau of the Budget, OMB's predecessor, was established in 1921 as a part of the 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 in 1939 and was run by Harold D. Smith during the government's rapid expansion of spending during World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that ...
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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, im ...
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Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. 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. 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 supervises the finance unit and is the chief financial spokesperson for the organization. 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. Qualification Most CFOs of large companies hav ...
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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 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. 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."Shaun Donovan "
He has three siblings. He holds three degrees from

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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 major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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