Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Monday - Friday, 6-9 a.m.
Hosts Tom Temin and Emily Kopp bring you the latest news affecting the federal community each weekday morning, featuring interviews with top government executives and contractors. Listen live from 6 to 9 a.m. or download archived interviews below.
Government accountants issue advice to Treasury to help clean up its books
Monday - 7/23/2012, 11:59am EDT
The Government Accountability Office has not been able to grade the nation's fiscal books for 15 years because of missing or mismatched data. Although individual agencies report how they spend their allotted budget, the GAO can't reconcile that information with a government-wide snapshot of federal spending because the agencies use different category names or blend spending areas together.
To address the problem, the Association of Government Accountants has recommended a dozen changes that would improve how the federal government tracks and reports spending. And Dick Gregg, fiscal assistant secretary of the Treasury, says the help is welcomed.
"They've got some excellent ideas. They committed a huge amount of resources to doing this...we just have to figure out how to move forward," Gregg said.
Gregg's office combines financial reports for 150 agencies each November into a single government-wide financial report, released at the end of each year. The short turnaround and the huge amount of data sent to the Treasury Department compounds the problems in preparing an accurate report, he said.
He plans to work with agency-level finance officers to begin using a more standard set of reporting categories.
In the wake of the recession, focus on the federal deficit has grown along with the federal debt. Questions whether the U.S. could repay that debt led a credit rating agency to downgrade the federal government's bond rating last year, making it more expensive for the United States government to borrow money.
The accountants association felt it was important that the federal government could properly audit its books as leaders gauge the country's long-term financial stability, according to a statement.