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OMB POLICY STATEMENTS
OMB Updates Core Financial-System Requirements
"The Office of Management and Budget has updated core financial-system requirements that agencies must fulfill to meet federal guidelines to better manage their programs under the Federal Financial Management Improvement Act.

The updates reflect recent changes in regulations and central agency reporting systems, such as the Treasury Departmentís new Governmentwide Accounting program, said OMB Controller Linda Combs in the document released today [Monday]. "

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