OMB Circular A-123

OMB Circular A-123 provides federal agencies with guidelines to manage and control their internal processes, ensuring effective financial management and operational efficiency. It emphasizes evaluating and improving internal controls to prevent fraud, waste, and errors. The circular promotes accountability, accurate reporting, and compliance with laws, helping agencies operate reliably and transparently. Essentially, it’s a set of best practices that helps government agencies run smoothly, safeguard assets, and achieve their missions responsibly.