Hearing
Financial Management at the Department of Homeland Security
Chairman Todd Platts Hearing Opening Statement
In 2003 and 2004, I was proud to work with Ranking Member Ed Towns to sponsor the DHS Financial Accountability Act. That law placed the Department under the CFO Act, requiring a Senate-confirmed CFO, and imposed the first-ever statutory requirement for an audit of internal controls at any Federal agency.
When DHS was created in 2002, it inherited substantial financial management challenges—particularly from the ...