1. Charles Arthur Bowsher was an American businessman and politician.
17 Facts About Charles Bowsher
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Charles Bowsher served as the 6th Comptroller General of the United States from 1981 to 1996.
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Charles Bowsher served as the 5th Assistant Secretary of the Navy during the Lyndon B Johnson administration from 1967 to 1971.
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Charles Bowsher's father worked as an engineer for the New York Central Railroad.
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Charles Bowsher attended public schools in his hometown and in Chicago.
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Charles Bowsher then joined the United States Army and served for two years, before obtaining a Master of Business Administration from the University of Chicago School of Business in 1956.
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From 1967 to 1971, Charles Bowsher served as Assistant Secretary of the Navy.
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Charles Bowsher oversaw a budget of over $20 billion a year, 4,500 staff in the accounting department, and 500 individuals in internal audit.
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Charles Bowsher went back to Arthur Andersen after four years in the role and assumed an executive position.
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Charles Bowsher was responsible for looking after the firm's work for various federal agencies, such as the Department of the Interior, the Agency for International Development, and the Federal Reserve.
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Charles Bowsher was known for his visible role during the savings and loan crisis when he addressed the General Accounting Office.
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Charles Bowsher was especially critical of manoeuvres by the US Congress to reduce oversight of the savings and loans industry, stating that "this is a huge scandal and to a large extent it was allowed to grow because of the way this town does business".
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Charles Bowsher was instrumental in Congress' passage of the Single Audit Act of 1984, which required annual audits for state and local governments.
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Charles Bowsher played a key role in the passing of the Chief Financial Officers' Act of 1990, requiring federal department and agencies to prepare financial statements and undergo annual financial audits.
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Charles Bowsher was inducted into the Accounting Hall of Fame in 1996, along with William Henry Beaver and Donald James Kirk.
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Charles Bowsher served on the board of directors of the Committee for a Responsible Federal Budget.
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Charles Bowsher died on September 30,2022, at home in Bethesda, Maryland.