OMB to change how agencies implement financial management

Wednesday - 6/9/2010, 5:38pm EDT

WFED's Jason Miller

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A major shift in the way agencies implement financial management systems is coming.

The Office of Management and Budget is considering requiring new and existing financial management development and modernization programs to seek approval before moving forward.

A draft memo obtained by Federal News Radio says OMB wants to increase oversight and shorten the time frame for financial management systems implementation.

Federal News Radio's Jason Miller joins us with details on the draft memo.

(Read the full story.)