Office of Federal Financial Management
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| Mission: | To promote and support first class financial management in the executive branch of the Federal Government. |
| History: | The Office of Federal Financial Management (OFFM) was created within the Office of Management and Budget (OMB) by the Chief Financial Officers (CFO) Act of 1990. OFFM, led by the OMB Controller under the direction of the Deputy Director for Management, is responsible for the financial management policy of the Federal Government. OFFM responsibilities include implementing the financial management improvement priorities of the President, establishing government-wide financial management policies of executive agencies, and carrying out the financial management functions of the CFO Act. |
| Branches: |
Financial
Standards and Grants Financial Integrity and Analysis Federal Financial Systems |
| Key Issues: |
Agency
and Government-wide Financial Reporting Federal Asset Management Financial Management Systems Grants Management Improper Payments Performance Measurement President’s Management Agenda Single Audit Travel and Purchase Cards |
| Organization Chart: | OFFM Organization Chart (15k) |
| What's New: | Recommendations
for Identity Theft Related Data Breach Notification (September 20,
2006) (1,903k) OMB
Bulletin No. 06-03, Audit Requirements for Federal Financial Statements (August 23,
2006) (255k) |
| Financial
Standards and Grants Branch |
Financial
Integrity and Analysis Branch |
Federal
Financial Systems Branch |
|
