CIO « CIPP Guide

The CFO Act & Federal Reform

Throughout the 1990s, pressure was on the US government to reduce inefficiencies in federal programs. In an effort to increase public confidence, Congress enacted the Chief Financial Officers Act (CFO Act) in 1990, in order to regulate accounting, auditing and financial reporting practices of the federal government.

In addition to the CFO Act, the article also explores a number of amendments and related Acts which build upon the goals of improved efficiency, productivity and efficacy in federal agencies.

Requirements under the CFO Act

To meet the demand for improved accountability and transparency from the financial management practices of federal agencies, the CFO Act [...]

Recommendations for Identity Theft Related Data Breach Notification

In September 2006, The Office of Management and Budget issued a memorandum suggested by the President’s Identity Theft Task Force to help government departments and agencies adequately protect data.

What is Identity Theft?

Identity theft is the unauthorized use of personally identifiable information (PII) by an individual to commit fraud, usually financial related fraud. This is achieved either by using financial account information or using an individual’s Social Security Number (SSN) to open new financial accounts. Identity theft is a serious problem costing American citizens millions of dollars every year. As one of the largest collectors of information, the U.S. Government must implement strong measures to reduce the risk of security breaches leading to identity [...]

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The CFO Act & Federal Reform

Recommendations for Identity Theft Related Data Breach Notification