OMB updates guidance on improper payments

Friday - 4/15/2011, 5:42pm EDT

By Ruben Gomez
Federal News Radio

The Office of Management and Budget is helping you make sure your agency's gives money only to the right people.

OMB is updating guidance for complying with the with the Improper Payments Elimination and Recovery Act.

The President signed the law last summer. OMB says agencies wrongly paid out $125 billion last year.

The guidance covers everything from measuring improper payments to compliance reviews and requirements for agencies that don't follow the law.