<P> The act required the head of the GAO, to "investigate, at the seat of government or elsewhere, all matters in relation to the receipt, disbursement, and application of public funds, and shall make to the President...and to Congress...reports (and) recommendations looking to greater economy or efficiency in public expenditures". The name of the General Accounting Office was changed to Government Accountability Office in 2004 to better reflect the mission of the office . </P> <P> This act created the Bureau of the Budget, which was a part of the Treasury Department but remained accountable to the White House . In 1939, the Bureau was transferred from the Treasury Department to the Executive Office of the President . The Bureau had authority under the act "to assemble, correlate, revise, reduce, or increase the estimate of the several departments and establishments ." </P> <P> When the Bureau was transferred to the Executive Office, as the OMB, its functions were outlined as: </P> <P> 1 .) Assist the president in the preparation of the budget and the formulation of the fiscal program of the government </P>

What was the purpose of the budget and accounting act of 1921