1. Ensure that all financial management personnel are fully qualified. CFO candidates should have relevant experience and stature within the financial community. Heads of agencies should ensure that the deputy CFOs are equally qualified, because with the CFOs they can form a strong team promoting good financial management practices within their agency. OMB should enlist private sector associations of financial executives to provide names of qualified candidates, or to develop a rating system of candidates for high-level positions much like the American Bar Association provides for U.S. Supreme Court nominees. Agencies should improve the quality of personnel hired into financial management positions. They should seek out financial management candidates in the public and private sectors with strong backgrounds in accounting, finance, and information systems when vacancies occur at all levels. Agencies should ensure that vacancy announcements are open to all qualified candidates. Agencies should be able to specify that candidates are required to have certifications if appropriate, such as certified public accountants, certified management accountants, certified internal auditors, and certified fraud auditors, and other qualifications in the fields of information systems, budgeting, and finance. Other National Performance Review (NPR) recommendations dealing with personnel issues suggest the decentralization of the recruitment process, which would allow financial managers to raise the qualifications screening factors in order to ensure that the most qualified candidates will score at the top of a list of ranked applicants.[Endnote 10]
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