Statement of Deidre A. Lee, Acting Deputy Director for Management, Office of Management and Budget, before House Committee on Government Management, Information, and Technology

Abstract

I am pleased to be here today to discuss the Single Audit Act Amendments of 1996. First, I would like to thank this Subcommittee for its continued efforts to improve financial management throughout the Federal Government. Indeed, the Single Audit Act Amendments of 1996 is only one of several laws this Subcommittee has used to promote financial accountability in Government. The Office of Management and Budget believes that significant progress has been made towards achieving the underlying objectives of the Act: improving accountability over Federal programs; establishing uniform single audit requirements; promoting efficient and effective use of audit resources; reducing burden on grantees; and maximizing reliance on single audits by Federal agencies. However, the sustained support and commitment of single audit stakeholders is required to ensure that future implementation initiatives are completed.