The CFO Act: 20 years on

Wednesday - 7/1/2009, 11:20am EDT

Joe DioGuardi

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The Chief Financial Officer (CFO) Act was written 20 years ago. The Congressional author of the Act was Joe DioGuardi, a practicing accountant and former Congressman. He says the act has not been implemented as intended and Congress is still not accounting honestly for its spending or for the deficit. DioGuardi has written a book on the issue which he gives away. He spoke recently with Jane Norris at the Association of Government Accountant's meeting in New Orleans.