Outstanding CPA in Government 2011 Award Winner- Federal Level: Jeanette Franzel, CPA 


    Jeanette Meixner Franzel is the Managing Director for the Financial Management and Assurance team in the U.S. Government Accountability Office (GAO).  She heads GAO’s oversight of financial management and auditing issues across the U.S. federal government which includes the audits of the government’s consolidated financial statements and various federal agencies, reviews of internal control, financial management systems, cost management, improper payments, and the full range of accountability and corporate governance issues.  In addition, Ms. Franzel and her team perform oversight of the U.S. government’s efforts to help stabilize the financial markets, as well as the programs under the American Recovery and Reinvestment Act. 

    Ms. Franzel oversees GAO’s work in developing and issuing Government Auditing Standards (“The Yellow Book”).  Those standards are widely used in the U.S. and serve as a model for the private sector and other governments around the world.  She also leads the development of GAO positions on proposed standards of the U.S. Auditing Standards Board (ASB), the Public Company Accounting Oversight Board (PCOAB), the International Auditing and Assurance Standards Board (IAASB), and the Institute of Internal Auditors (IIA). 

    Ms. Franzel provides a wide range of expert technical input across GAO teams and to other external audit organization on issues involving auditor independence; engagement design and methodologies; quality assurance, internal inspection, and peer review; and internal control and governance in public sector programs.  Ms. Franzel has provided extensive policy and technical support to the International Organization of Supreme Audit Institutions (INTOSAI).  

    In 2008, Ms. Franzel led the international peer review team that conducted the first-ever peer review of the Performance Audit Practice for Mexico’s Superior Audit Office.

    Ms. Franzel is a Certified Public Accountant (CPA), Certified Management Accountant (CMA), and a Certified Government Financial Manager (CGFM). 

    Ms. Franzel has a Master’s Degree in Business Administration (MBA) from George Mason University and a Bachelor’s Degree in Accounting and Spanish from the College of St. Teresa, and completed the Senior Executive Fellows program at Harvard University.  Prior to her career in accounting and auditing, she taught elementary school and high school in South America.




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