The requirement to use the USSGL was established by which FMFIA year?

The requirement to use the USSGL was established by which FMFIA year?

• A. 1982 FMFIA
• B. 1994 FMFIA
• C. 1996 FMFIA
• D. 1990 FMFIA

Answer: (C)

The requirement to use the United States Standard General Ledger (USSGL) was formally established through the 1996 amendments to the Federal Managers’ Financial Integrity Act (FMFIA). This revision added the explicit mandate that agencies adopt and rely on the USSGL for their accounting and financial reporting, creating a uniform, government-wide framework for recording and presenting financial information. The FMFIA’s broader purpose is to improve accountability and controls, but it’s the 1996 update that made USSGL usage a clear, required element of federal financial reporting. Earlier FMFIA versions laid groundwork for integrity and internal controls, but they did not establish the USSGL requirement.

The requirement to use the United States Standard General Ledger (USSGL) was formally established through the 1996 amendments to the Federal Managers’ Financial Integrity Act (FMFIA). This revision added the explicit mandate that agencies adopt and rely on the USSGL for their accounting and financial reporting, creating a uniform, government-wide framework for recording and presenting financial information. The FMFIA’s broader purpose is to improve accountability and controls, but it’s the 1996 update that made USSGL usage a clear, required element of federal financial reporting. Earlier FMFIA versions laid groundwork for integrity and internal controls, but they did not establish the USSGL requirement.