What authorities govern financial management systems?
A. Office of Management and Budget (OMB) Circular A-127 prescribes policies and standards in developing, operating, evaluating, and reporting on financial management systems. B. OMB Circular A-130 prescribes policies for the management of information resources systems. C. OMB Circular A-11 prescribes the reporting requirements for the management of information resources systems. D. Public Law 97-255, Federal Managers’ Financial Integrity Act of 1982 (31 U.S.C. 3512), amends the Accounting and Auditing Act of 1950 to require Federal agencies to establish internal accounting and administrative controls to prevent waste or misuse of agency funds or property and assure the accountability of assets. E. Public Law 104-208, Federal Financial Management Improvement Act of 1996 (31 U.S.C. 3512). Section 803 of the Act requires that agencies must comply substantially with Federal financial management systems requirements, applicable Federal accounting standards, and the United States Government
