Certified Government Financial Manager (CGFM) Practice Exam

Question: 1 / 875

What is the major purpose of the GPRA?

Ensure financial systems meet minimum performance requirements

Require audited financial statements from executive departments

Require strategic plans, goals, and performance reports from agencies

The Government Performance and Results Act (GPRA) primarily aims to enhance the effectiveness and accountability of federal agencies by establishing a framework that mandates the development of strategic plans, specifies clear goals, and necessitates the submission of performance reports. This systematic approach ensures that agencies have a defined roadmap to guide their activities and that they are accountable for achieving the results outlined in their plans.

By requiring agencies to formulate strategic plans, the GPRA encourages them to identify their objectives clearly, prioritize their goals, and allocate resources effectively. Furthermore, the requirement for performance reports allows for ongoing assessment of progress toward these goals, fostering transparency and enabling informed decision-making.

This focus on strategic planning and performance measurement helps to ensure that federal programs are operating efficiently and effectively, ultimately aiming to enhance public trust and satisfaction in government operations.

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Define duties of the agency chief financial officer

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