The Government Accountability Office has issued a core
financial systems requirements checklist designed to help
reviews of agency core systems to determine if they comply
with the federal financial management improvement act as
well as assist in annual reporting. It is geared to federal
program managers, systems analysts and developers,
accountants and others who design, develop, implement,
operate or maintain financial management systems.
Agencies should assess the results of the completed checklist
based on the core financial system requirements as a
whole in determining FFMIA compliance, said GAO.
The checklist columns correspond to a question, answer and
explanation, with a “yes” answer indicating that an agency’s
core financial system provides for the capability described
in the question. GAO said cost-benefit studies and
supporting documentation should be referenced in explanations.
The checklist is available at: d04763g.pdf