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Article: ASMC visits ... The Government Accountability Office home of the Red Book.(American Society of Military Comptrollers )
- Article from:
- Armed Forces Comptroller
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 American Society of Military Comptrollers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Red Book Reigns
The Government Accountability office (GAO) Red Book, Principles of Federal Appropriations Law, may be the most important reference any federal financial manager has. The Red Book guides one through the complexities of the laws surrounding the use of appropriated funds; and, yes, there are criminal sanctions in place for those who violate the Antideficiency Act. The surest route to administrative penalties, great unhappiness, and a quick end to a federal career is to ignore lessons readily available in the Red Book.
Many years ago, when I was just starting my career in government financial management, I was privileged to attend an ...