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31 U.S.C. § 3513 — Financial reporting and accounting system

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3513 — Financial reporting and accounting system

**(a)** The Secretary of the Treasury shall prepare reports that will inform the President, Congress, and the public on the financial operations of the United States Government. The reports shall include financial information the President requires. The head of each executive agency shall give the Secretary reports and information on the financial conditions and operations of the agency the Secretary requires to prepare the reports. **(b)** The Secretary may— (1) establish facilities necessary to prepare the reports; and (2) reorganize the accounting functions and procedures and financial reports of the Department of the Treasury to develop an effective and coordinated system of accounting and financial reporting in the Department that will integrate the accounting results for the Department and be the operating center for consolidating accounting results of other executive agencies with accounting results of the Department. **(c)** The Comptroller General shall— (1) cooperate with the Secretary in developing and establishing the reporting and accounting system under this section; and (2) approve the system when the Comptroller General considers it to be adequate and in conformity with the principles, standards, and requirements prescribed under [section 3511 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3511&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-31/section-3513-financial-reporting-and-accounting-system--a3b8456edf.md
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Source location: Title 31, Chapter 35, § 3513; chapter-035-accounting-and-collection.md

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3511 — Prescribing accounting requirements and developing accounting systems

**(a)** The Comptroller General shall prescribe the accounting principles, standards, and requirements that the head of each executive agency shall observe. Before prescribing the principles, standards, and requirements, the Comptroller General shall consult with the Secretary of the Treasury and the President on their accounting, financial reporting, and budgetary needs, and shall consider the needs of the heads of the other executive agencies. **(b)** Requirements prescribed under subsection (a) of this section shall— (1) provide for suitable integration between the accounting process of each executive agency and the accounting of the Department of the Treasury; (2) allow the head of each agency to carry out [section 3512 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3512&num=0&edition=prelim); and (3) provide a method of— (A) integrated accounting for the United States Government; (B) complete disclosure of the results of the financial operations of each agency and the Government; and (C) financial information and control the President and Congress require to carry out their responsibilities. **(c)** Consistent with subsections (a) and (b) of this section— (1) the authority of the Comptroller General continues under [section 121(b) of title 40](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/b&num=0&edition=prelim); and (2) the Comptroller General may prescribe the forms, systems, and procedures that the judicial branch of the Government (except the Supreme Court) shall observe. **(d)** The Comptroller General, the Secretary, and the President shall conduct a continuous program for improving accounting and financial reporting in the Government.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 321 — General authority of the Secretary

**(a)** The Secretary of the Treasury shall— (1) prepare plans for improving and managing receipts of the United States Government and managing the public debt; (2) carry out services related to finances that the Secretary is required to perform; (3) issue warrants for money drawn on the Treasury consistent with appropriations; (4) mint coins, engrave and print currency and security documents, and refine and assay bullion, and may strike medals; (5) prescribe regulations that the Secretary considers best calculated to promote the public convenience and security, and to protect the Government and individuals from fraud and loss, that apply to anyone who may— (A) receive for the Government, Treasury notes, United States notes, or other Government securities; or (B) be engaged or employed in preparing and issuing those notes or securities; (6) collect receipts; (7) with a view to prosecuting persons, take steps to discover fraud and attempted fraud involving receipts and decide on ways to prevent and detect fraud; (8) maintain separate accounts of taxes received in each State, territory, and possession of the United States, and collection district, with each account listing— (A) each kind of tax; (B) the amount of each tax; and (C) the money paid as pay and allowances to officers and employees of the Department collecting taxes in that State, territory, possession, or district; and (9) advise the President on major domestic and international prudential policy issues in connection with all lines of insurance except health insurance. **(b)** The Secretary may— (1) prescribe regulations to carry out the duties and powers of the Secretary; (2) delegate duties and powers of the Secretary to another officer or employee of the Department of the Treasury

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3512 — Executive agency accounting and other financial management reports and plans

**(a)** (1) The Director of the Office of Management and Budget shall prepare and submit to the appropriate committees of the Congress and make available on a website described in section 1122 a financial management status report and a governmentwide 5-year financial management plan. (2) A financial management status report under this subsection shall include— (A) a description and analysis of the status of financial management in the executive branch; (B) a summary of the most recently completed financial statements— (i) of Federal agencies under [section 3515 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3515&num=0&edition=prelim); and (ii) of Government corporations; (C) a summary of the most recently completed financial statement audits and reports— (i) of Federal agencies under section 3521(e) and (f) of this title; and (ii) of Government corporations; (D) a summary of reports on internal accounting and administrative control systems submitted to the President and the Congress under the amendments made by the Federal Managers’ Financial Integrity Act of 1982 (Public Law 97–255); (E) a listing of agencies whose financial management systems do not comply substantially with the requirements of Section 11 So in original. Probably should not be capitalized. 3(a) 22 So in original. Probably should be followed by “of”. See References in Text note below. the Federal Financial Management Improvement Act of 1996, and a summary statement of the efforts underway to remedy the noncompliance; and (F) any other information the Director considers appropriate to fully inform the Congress regarding the financial management of the Federal Government. (3) (A) A governmentwide 5-year financial mana

Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3512

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3513 — Financial reporting and accounting sys-

Page 275 TITLE 31—MONEY AND FINANCE § 3515 1 So in original. No par. (2) has been enacted ‘‘(B) supporting financial planning or budgeting activities; ‘‘(C) accumulating and reporting costs informa- tion; or ‘‘(D) supporting the preparation of financial statements. ‘‘(6) MIXED SYSTEM.—The term ‘mixed system’ means an information system that supports both fi- nancial and nonfinancial functions of the Federal Government or components thereof. ‘‘SEC. 807. EFFECTIVE DATE. ‘‘This title shall take effect for the fiscal year ending September 30, 1997. ‘‘SEC. 808. REVISION OF SHORT TITLES. ‘‘(a) [Amended section 4001 of Pub. L. 104–106, set out as a Short Title of 1996 Act note under section 101 of Title 41, Public Contracts.] ‘‘(b) [Amended section 5001 of Pub. L. 104–106, div. E, Feb. 10, 1996, 110 Stat. 679, subsequently repealed by Pub. L. 107–217, § 6(b), Aug. 21, 2002, 116 Stat. 1304.] ‘‘(c) Any reference in any law, regulation, document, record, or other paper of the United States to the Fed- eral Acquisition Reform Act of 1996 or to the Informa- tion Technology Management Reform Act of 1996 shall be considered to be a reference to the Clinger-Cohen Act of 1996 [see Short Title of 1996 Act note set out under section 101 of Title 41].’’ § 3513. Financial reporting and accounting sys- tem (a) The Secretary of the Treasury shall pre- pare reports that will inform the President, Con- gress, and the public on the financial operations of the United States Government. The reports shall include financial information the Presi- dent requires. The head of each executive agen- cy shall give the Secretary reports and informa- tion on the financial conditions and operations of the agency the Secretary requires to prepare the reports. (b) The Secretary may— (1

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