The Internal Revenue Service has named Janice J. Lambert as its chief financial officer.

She replaces Eileen Powell, who left the agency at the beginning of the year, according to an IRS spokesperson.

As CFO, Lambert will oversee the custodial accounting of $2 trillion in taxpayer receipts and the IRS' $10 billion annual operating budget. In addition, the CFO serves as the principal advisor to the IRS commissioner and deputy commissioners on financial and performance management, financial systems, strategic planning, and internal controls.

Lambert came to the IRS as deputy CFO in June 2004 from the Treasury Department, where she served as budget director.  In that capacity, she was responsible for overseeing the Treasury's $13 billion budget and guiding Treasury's 13 bureaus and organizations on developing and implementing performance-based metrics and budgets.

Before coming to the IRS, Lambert led the implementation of Treasury's first-ever integrated budget that consolidated the bureaus' budget and annual performance plans and realigned the bureaus' budget activities to move closer to full costing of program performance. She previously served as the chief of budget and administration for the Justice Department's Organized Crime and Drug Enforcement Task Force.

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