<prompt> Translate the following text to EnglishMarekebisho yaliyowekwa na Sheria ya CFO na sheria zinazohusiana na baadaye, wakati zinatekelezwa kwa ufanisi, zitaweka serikali ya shirikisho sawa na mashirika ya sekta binafsi na serikali za jimbo na za mitaa ambazo tayari zimefanya uwekezaji muhimu katika usimamizi wa kifedha.  <response>: The reforms laid out by the CFO Act and subsequent related legislation, when effectively implemented, will place the federal government on par with private sector corporations and state and local governments that have already made the necessary investment in financial management. 