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9:58 am, April 24, 2014

Financial Management News

DoD audits will take years of attention

The Pentagon is taking its approach to audit readiness far more seriously than it has in the past, but achieving its goal of clean books by 2017 will take several more years of sustained commitment, DoD's CFO said Thursday.

Friday - 07/29/2011, 02:13pm EDT
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Congress has 'clout' to force clean DoD audits

A House Armed Services Committee panel is reviewing the Pentagon's efforts to reform its auditing practices. Reps. Mike Conaway (R-Texas) and Rob Andrews (D-N.J.) head the panel, which is first trying to get a handle on the scope of the issue, Andrews told Federal News Radio's Federal Drive.

Monday - 07/18/2011, 09:05am EDT
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Treasury to process all invoices electronically

All agency bureaus will implement the Internet Payment Platform by 2012. Additionally, all Treasury vendors must submit invoices through the portal starting in 2013. The electronic invoice payment program is one of 12 initiatives to improve federal financial management.

Wednesday - 07/13/2011, 06:27pm EDT
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Panel will try to fix DoD financial management

The House Armed Services Committee is following the success of its acquisition reform panel with a similar approach to Pentagon finances. Reps. Mike Conaway and Rob Andrews will, once again, lead the effort.

Wednesday - 07/13/2011, 07:33am EDT

CFOs say federal financial model no longer useful

A new survey by Grant Thornton and the Association of Government Accountants found federal financial managers want a new way to present data that is more meaningful. CFOs also said they are starting to take advantage of predictive analysis tools.

Wednesday - 07/13/2011, 07:21am EDT
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DoD decides not to move DISA to Cyber Command

Just-retired DoD Secretary Robert Gates issued a recent memo announcing his decision about how DISA and the chief information officer's office will change. Gates said DoD will dis-establish the Networks Integration and Information office.

Wednesday - 07/06/2011, 03:28pm EDT

ACT-IAC proposes financial system improvement plan

Andrew McLauchlin, vice president at CGI Federal, spoke with Federal News Radio about ACT-IAC's four recommendations.

Wednesday - 07/06/2011, 11:19am EDT
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DoD trying to take cost out of operations

Beth McGrath, DoD's deputy chief management officer, said reworking acquisition regulations will include new ways to buy technology and promote agile development. The Pentagon is targeting everything from the way it buys technology to standardizing business systems in an effort to save money and become more efficient. DoD wants to standardize 15 common, commercial business processes.

Wednesday - 06/29/2011, 08:28am EDT
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GAO targets duplication, redundancy in agencies

The administration's government reorganization efforts are underway. Federal News Radio spoke with Pat Dalton, chief operating officer at GAO, about duplication and redundancy in the federal government.

Tuesday - 06/21/2011, 07:56pm EDT
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Senate introduces legislation to track federal spending

Sen. Mark Warner proposed a web-based system to Congress to improve the way federal expenses are reported by federal agencies. It's the Senate version of a bill proposed last week in the House by Rep. Darrell Issa.

Monday - 06/20/2011, 03:49pm EDT

Financial management reform underway at DOJ

Get an inside look at the new look of the Justice Department's accounting system from Cynthia Schnedar, Acting Inspector General at DOJ

Monday - 06/13/2011, 06:09pm EDT
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Issa proposes board to track federal spending

A new bill would establish a permanent, independent body to track federal spending and increase accountability, according to the House Committee on Oversight and Government Reform.

Monday - 06/13/2011, 03:24pm EDT

OMB teeing up financial, HR systems for the cloud

Federal CIO Vivek Kundra said there are more than 1,000 of these back-office systems and moving them to private cloud providers could save billions. Several agencies, including Labor and EEOC, already have moved their financial systems to a private cloud. Kundra envisions an interagency effort similar to the one for email where agencies commit to using a governmentwide contract for these services.

Friday - 06/10/2011, 08:01am EDT
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Four agencies must move to new FM systems

Interior's National Business Center no longer will support CGI's Momentum software forcing NRC, EEOC, FLRB and NTSB to find a new financial management system provider.

Wednesday - 06/08/2011, 04:01pm EDT

Critical needs first in DHS IT modernization

A day after the Department of Homeland Security cancelled its $450 million contract to modernize and unify its backoffice IT systems, the department's acting CFO told Congress DHS will focus first on modernizing the infrastructure of the department's components that are severely out of date. A new strategy for an integrated, departmentwide system has yet to be determined, she said.

Monday - 05/16/2011, 07:29am EDT
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GAO identifies financial management problems with TARP

Congressional auditors are recommending some changes to the way treasury manages the Troubled Asset Relief Program (TARP).

Thursday - 04/21/2011, 06:12pm EDT
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DHS's lack of financial clarity a huge liability

The Homeland Security Department's chief management officer said Tuesday that the lack of a departmentwide financial management system is a huge deficiency. Fixing that, he said, is among the department's primary management priorities.

Wednesday - 04/06/2011, 08:24pm EDT
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Army, Marines begin separate ERP rollouts

The Army and Marine Corps are both in the early phases of deploying logistics accountability systems that will replace a collection of disconnected, stovepiped IT systems and processes that have grown up since the 1960s. Though the systems share the same objective, they were made by different vendors, prompting questions from one member of Congress.

Tuesday - 03/22/2011, 07:35am EDT
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GAO sustains protests of DHS $450M award to CACI

The Government Accountability Office sustained protests from two losing bidders under the Transformation and System Consolidation (TASC) program, say government and industry sources.

Thursday - 03/10/2011, 12:48pm EST

DoD on path to obtain clean books by 2017

The Defense Department's deputy chief financial officer said Friday that the department believes it will achieve the 2017 deadline to produce auditable financial statements. DoD is approaching the problem in way that makes clear that clean books are not only the responsibility of its accountants, he said.

Monday - 02/21/2011, 07:18am EST
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