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Friday, November 24, 2006

FederalNewsRadio - Federal Financial Report - 1990 CFO Act

All 24 agencies under the 1990 Chief Financial Officers Act met the November 15th deadline to submit their financial audits. Government Executive reports the Office of Management and Budget gave 18 of those agencies unqualified opinions, meaning their books are reliable. Five agencies, Defense, Energy, Homeland Security, State and NASA, got disclaimers, meaning their statements couldn't be evaluated. Transportation received a qualified opinion, meaning its accounting was satisfactory except for one particular problem.

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