Article:
The Era of Full Accountability: Complying with Financial Regulations and Legislation
The federal government has introduced the “Era of Full Accountability” into both public and private sector business processes. Within the past 24 months, there has been a convergence of requirements and regulations related to disclosure controls and procedures. This article looks at five federal mandates, and explains the role of asset management in each. Milestones related to OMB Circular A-123 compliance are examined in particular.