Office of Financial Reporting and Policy

The Office of Financial Reporting and Policy is responsible for planning and coordinating the preparation of quarterly and annual Departmental financial reports (e.g., Prompt Payment, Cash Management, Debt Management, Treasury Reports, and Financial Statements); the planning of and reporting on Department-wide financial management programs; and preparing special financial management reports in response to the Office of Management and Budget (OMB), Treasury, Congress, and other issues. The office is responsible for formulating and prescribing Department-wide financial management, accounting and fiscal policies, procedures, standards and controls, and for providing assistance to Departmental components in their implementation. This includes the development, issuance, and maintenance of financial handbooks, manuals, and related directives. It is also responsible for performing analysis and evaluations of Departmental financial management programs and data to identify issues, trends, and improvement opportunities; gathering information needed to prepare required reports or to perform special projects; and planning and carrying out financial quality assurance initiatives to include a financial performance measurements program.

OFFICE OF FINANCIAL REPORTING AND POLICY STAFF

Important Links

• Government Accountability Office (GAO)
• Department of Treasury
• Federal Accounting Standards Advisory Board (FASAB)
• Office of Management and Budget (OMB)
• Federal Register