Established CFOs in specified agencies to rectify decades of mismanagement. Tasked the CFOs with overseeing financial management.

Established CFOs in specified agencies to rectify decades of mismanagement. Tasked the CFOs with overseeing financial management.

• A. 1990 Chief Financial Officers (CFOs) Act
• B. 1990 Budget Enforcement Act
• C. 1987 Balanced Budget Act
• D. GPRA

Answer: (A)

The main idea is federal reform designed to improve financial management by placing formal financial leadership in each major agency. The 1990 Chief Financial Officers Act created the CFO positions in those agencies and gave them responsibility for overseeing financial management, requiring accurate financial statements, audits, and centralized oversight through a CFO Council. This move directly targets long-standing mismanagement by elevating financial leadership and accountability across agencies, so it best fits the description. The other items address budget discipline or performance measurement rather than creating CFO roles: the Budget Enforcement Act introduced PAYGO rules and spending caps; the Balanced Budget Act tackled overall budget constraints; and GPRA focuses on performance planning and results rather than establishing financial leadership.

The main idea is federal reform designed to improve financial management by placing formal financial leadership in each major agency. The 1990 Chief Financial Officers Act created the CFO positions in those agencies and gave them responsibility for overseeing financial management, requiring accurate financial statements, audits, and centralized oversight through a CFO Council. This move directly targets long-standing mismanagement by elevating financial leadership and accountability across agencies, so it best fits the description. The other items address budget discipline or performance measurement rather than creating CFO roles: the Budget Enforcement Act introduced PAYGO rules and spending caps; the Balanced Budget Act tackled overall budget constraints; and GPRA focuses on performance planning and results rather than establishing financial leadership.