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OMB Bulletin No. 17-03, Audit Requirements for Federal Financial Statements; OMB Bulletin M07-02, Bulletin for Agency Good Guidance Practices, 72 Fed. Reg. 43432 (Jan. 25, 2007) OMB Bulletin M05-03, Information Quality Bulletin for Peer Review; OMB Bulletin B01-09, Form and Content of Agency Financial Statements
Congress passed the Paperwork Reduction Act of 1980 (Pub. L. 96–511) and its successor, the Paperwork Reduction Act of 1995 (Pub. L. 104–13 (text)), that established OIRA in the OMB. The OMB review process became more formalized in 1981 with President Ronald Reagan's Executive Order 12291.
The Paperwork Reduction Act of 1980 (Pub. L. No. 96-511, 94 Stat. 2812, codified at 44 U.S.C. §§ 3501–3521) is a United States federal law enacted in 1980 designed to reduce the total amount of paperwork burden the federal government imposes on private businesses and citizens.
The Office of Management and Budget (OMB) is the largest office [a] within the Executive Office of the President of the United States (EOP). OMB's most prominent function is to produce the president's budget, [2] but it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives.
The Office of Federal Procurement Policy (OFPP) is a component of the United States Office of Management and Budget (OMB), which is part of the Executive Office of the President of the United States (EOP).
Since the time of the Circular's first release in 1985, Congress has enacted several additional laws and OMB issued several guidance documents that related to information technology management in federal agencies. To account for these new laws and guidance, OMB has revised the Circular three times, in 1994, [2] 1996, [3] and 2000. [4]
The OMB A-133 Compliance Supplement is a large and extensive United States federal government guide created by the Office of Management and Budget (OMB) and used in auditing federal assistance and federal grant programs, as well as their respective recipients.
The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities. [1] The act's provisions were implemented through Federal Reserve Board Regulation E.