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The position of Chief Financial Officer and Assistant Secretary for Administration was established by Public Law 83-471 § 304, July 2, 1954, 68 Stat. 430 (15 USC §1506). [2] His authority is delegated through Department of Commerce Organization Order 10-5 "Chief Financial Officer and Assistant Secretary for Administration".
The Fiscal Assistant Secretary is the highest ranking career official in the Department of the Treasury. The Fiscal Service, which the Fiscal Assistant Secretary heads, [2] includes the Bureau of Government Financial Operations [3] (which since 1984 has been known as the Financial Management Service and the Bureau of the Public Debt. [4]
They may even have their CPA, or be a CPA candidate. In addition to general accounting duties, they help company's management to analyze the economic health of the organization, usually through timely financial reports and counsel. They may or may not have supervisory responsibilities over junior accountants and/or clerical personnel. [5]
The ASM reports directly to the Secretary, through the Deputy Secretary. Until about 1985, the position was called the Assistant Secretary for Administration but included similar duties, absent CFO duties. As a senior management official in the Department, the ASM/CFO has an active role in the oversight of the bureaus.
The office of the Assistant Secretary of the Air Force (Financial Management and Comptroller) was disbanded on 27 March 1987. At that time, all Air Force financial management functions were consolidated under the Air Force Comptroller (a military position filled by a lieutenant general). The office of the Air Force Comptroller was disbanded on ...
The Emergency Economic Stabilization Act of 2008 specified that one Assistant Secretary take on a specific role: Assistant Secretary of the Treasury for Financial Stability. [2] This role was abolished in June 2014 with the resignation of Timothy Massad .