Federal Managers Financial Integrity Act of 1981

[AI summary unavailable — showing source text] Financial Integrity Act of 1981 - Amends the Accounting and Auditing Act of 1950 to require the head of each executive agency to prepare and transmit to the President an annual report on the adequacy of the agency's systems of internal accounting and administrative control. Requires the report to include detailed plans for correcting any inadequacy. Directs the Comptroller General of the United States to: (1) establish guidelines for evaluating such systems; and (2) define internal auditing and administrative controls to prevent waste or misuse of agency funds or property and to assure accountability of assets.…