A bill to provide for a report of Federal entities without annually audited financial statements.
Executive Branch Financial Accountability Reporting Act of 2004 - Instructs the Director of the Office of Management and Budget (OMB) to list for certain congressional committees: (1) each Federal entity that receives an exemption or waiver from the statutory requirement for an annually audited financial statement; and (2) other Federal entities, including special purpose entities, that do not prepare independently audited annual financial statements.
Requires the OMB report to include assessments of: (1) the capability of the listed entities to prepare annual financial statements and have them independently audited; (2) how to reduce the costs of preparing the financial statements and performing independent audits; and (3) the benefits of improved financial oversight encompassing the executive branch, including the feasibility of preparing annual financial statements and independently audited statements for certain executive branch entities.
Authorizes appropriations.
Introduced in Senate
Read twice and referred to the Committee on Governmental Affairs.
Committee on Governmental Affairs. Ordered to be reported without amendment favorably.
Sponsor introductory remarks on measure. (CR S8747)
Committee on Governmental Affairs. Reported by Senator Collins without amendment. With written report No. 108-383.
Committee on Governmental Affairs. Reported by Senator Collins without amendment. With written report No. 108-383.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 757.
Measure laid before Senate by unanimous consent. (consideration: CR S11327)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Passed Senate with an amendment by Unanimous Consent.
Received in the House.
Message on Senate action sent to the House.
Referred to the House Committee on Government Reform.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line