Which law requires agencies to ensure that the systems that impact financial reporting comply with applicable federal accounting standards and to report whether those financial systems comply? Better assist management in controlling their organization and to provide directors the ability to oversee internal control in operations reporting and compliance for internal users and external customers suppliers and other state holders such as Congress and investors?

A. Federal Financial Management Improvement Act of 1996 (FFMIA)

B. Committee of Sponsoring Organizations Act of 1987 (COSO)

C. Federal Information Security Management Act of 2002 (FISMA) and Federal Information Security Modernization Act of 2014 (FISMA)

D. Federal Managers' Financial Integrity Act of 1982 (FMFIA)

Answer rating: 100% (QA)

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