Guaranteed Loan System Requirements

Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act (Exposure Draft) (Superseded by GAO-01-371G) Gao ID: AIMD-21.2.7 August 1, 2000

The Federal Financial Management Improvement Act of 1996 requires that agencies maintain financial management systems that substantially comply with federal financial systems requirements, which are spelled out in guidance issued by the Joint Financial Management Improvement Program (JFMIP) and the Office of Management and Budget. GAO is issuing this checklist, which reflects JFMIP's revised Guaranteed Loan System Requirements, to help (1) agencies implement and monitor their guaranteed loan systems and (2) managers and auditors in reviewing agency guaranteed loan systems to determine if they substantially comply with the Act.

The Justia Government Accountability Office site republishes public reports retrieved from the U.S. GAO These reports should not be considered official, and do not necessarily reflect the views of Justia.