Tag: RL31965

Government Accountability Office / GAO / Comptroller General (CongressionalGlossary.com)

Government Accountability Office / GAO / Comptroller General (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Government Accountability Office / GAO / Comptroller General The U.S. Government Accountability Office (GAO) is an independent, nonpartisan legislative agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars. The head of GAO, the Comptroller General […]

Financial Statements (CongressionalGlossary.com)

Financial Statements (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Financial Statements photo credit: Metro Centric A document that describes an entity’s financial activity and status for a specified period. Under federal law and applicable accounting standards, the financial statements for a federal agency usually include a balance sheet, statement of net cost, statement of […]