CGFM Exam 1 ALL

doctrine of separation of powers provides a foundation for - Answer-government financial management govt entity can be classed as - Answer-general or special purpose US constitution written - Answer-1787 Most school district in US - Answer-Independent District Role of federal CFO - Answer-codified in the Chief Financial Officer act of 1990 telework - Answer-working from home or other remote location Anti-fraud policies - Answer-a formal code of conduct frames the behavioral expectations for individuals No. of the Federal Reserve Bank - Answer-12 regional banks in major cities if budget has not passed by the start of the new fiscal year - Answer-Government does not have legal authority to operate supplemental appropriation budget amendment - Answer-executive inform the legislative branch that more funds are needed due to depletion of funds before the end of fiscal year most power in budget - Answer-legislative branch Appropriation of funds - Answer-budget bill that actually makes funds available Authorization of funds - Answer-bill that approves programs it prescribes what an agency will do if funding is available Expanded Government framework - Answer-includes these steps: planning, programming, budgeting, operations, accounting, reporting and auditing. Type of performance audit - Answer-o Program effectiveness and results audits address the effectiveness of a program and typically measure the extent to which a program is achieving its goals and objectives. o Economy and efficiency audit objectives concern whether an entity is acquiring, protecting and using its resources in the most productive manner to achieve program objectives. o Program effectiveness and results audit objectives, as well as economy and efficiency audit objectives, are often interrelated and may be concurrently addressed in a performance audit.