Seized Property and Forfeited Assets System Requirements

Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act (Exposure Draft) (Superseded by GAO-01-99G) Gao ID: AIMD-21.2.5 April 1, 2000

The Federal Financial Management Improvement Act of 1996 requires agencies to implement and maintain financial management systems that substantially comply with federal financial management systems requirements. These requirements are spelled out in guidance issued by the Joint Financial Management Improvement Program (JFMIP) and the Office of Management and Budget. This draft checklist reflects JFMIP's revised "Seized Property and Forfeited Assets Systems Requirements" to help (1) agencies implement and monitor their seized property and forfeited asset systems and (2) managers and auditors review agency seized property and forfeited assets systems to determine if they substantially comply with the act. This checklist is not required to be used in assessing the seized property and forfeited assets systems. It is provided as a tool for use by experienced staff.



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